Real Madrid are reportedly ready to give up on their pursuit of Alphonso Davies, with the Canadian expected to sign a new contract at Bayern Munich.

On Friday, The Athletic 's David Ornstein reported that the crafty left-back and Bayern Munich are close to an agreement over a new contract. Bayern's talks with the 24-year-old have been going on for months, but Ornstein shared that only a small gap remains between the two party's expectations on a proposed four-year deal.

With time running out, Bayern Munich have now presented a final offer to Davies, as per reports from Marca. The reports indicates Bayern Munich are willing to offer Davies an annual salary of £20.1m ($25.6m) to make him their second-highest paid player behind England captain Harry Kane.

According to David Ornstein, Alphonso Davies is close to agreeing on a contract extension with Bayern Munich. For over twelve months, there has been great uncertainty regarding the future of the Canadian international, whose contract in Bavaria is set to expire this summer.

Bayern Munich take all three points with a 3–2 win against Wolfsburg on matchday 18 of the Bundesliga. The Rekordmeister got off to a great start as they looked very threatening and fired several shots towards Grabara until he was finally beaten with a long-range effort from Goretzka in the 20th minute.

Real Madrid have been linked with an €8 million move for LaLiga defender Miguel Guiterrez, who plays for Girona.

Alfonso Davies, Ghanian-born Canadian playing at Bayern Munich as winger, finishes his contract this summer, and has been courted by Real Madrid. The player is willing to go to Madrid, but would also stay in Munich for the right prize.

Real Madrid and Manchester United are chasing Alphonso Davies, who is out of contract at Bayern Munich at the end of the season.

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