Pep Guardiola set to be offered £18m two-year deal to stay at Bayern Munich as Bundesliga

Bayern Munich are set to offer head coach Pep Guardiola an £18m deal plus bonuses

over two years to ward off potential suitors such as Chelsea and Manchester City according to Daily Mail.

Guardiola's contract is up for renewal next summer and chairman Karl-Heinz Rummenigge had suggested last weekend that a decision would definitely be made before the Bundesliga's winter break.

But Bayern are understood to be hoping that Guardiola accepts their substantial offer so that it can be announced at their general assembly on November 27.

The German club currently sit five points clear at the top of the Bundesliga after winning back-to-back titles since Guardiola took over in the summer of 2013.

But speculation has been rife on Guardiola's intentions next summer when his contact expires. Appointing him as manager is a so-far unfulfilled dream of Chelsea owner Roman Abramovich and Manchester City have always been keen on the 44-year-old Spaniard.

However, his agent Josep Maria Orobitg admitted that even he does not know what his decision is going to be.

Orobitg told Munich's TZ newspaper: 'Not even I know what Pep's intentions are.

'We've had some intensive talks in the past few days, but when it comes to things like this, he's very private.

'He will make up his mind entirely based on his own impressions.'

Orobitg maintained that Guardiola is 'very happy' in Munich but added: 'At the end of the day, it is a decision he is going to take by himself.

'One thing is for sure, however, and that is everybody around him will accept his decision, no matter what it is.

Whatever happens, Chelsea midfielder Cesc Fabregas is certain his former boss Guardiola will coach in the Premier League one day.

Speaking to Spanish radio Onda Cero, Fabregas said: 'I have no doubt that Pep will test himself in the Premier League one day. I have spoken to him in the past and I know that he likes it a lot.'