That's according to The Sun's Jamie Gordon, who reported PSG want £36.5 million for the German, and Bayern consider such a fee a relative bargain in today's market.
Both French and British media maintain Draxler is for sale following the arrival of Neymar, although PSG and Draxler's entourage say that's not the case. His agent, Roger Wittmann, recently told Sport 1 (h/t ESPN FC's Jonathan Johnson) such reports are unfounded.
Per Gordon, the former Wolfsburg man has "no future" in Paris, however. And despite the 23-year-old's excellent performances for Les Parisiens, their reported asking price is minimal.
The Times previously stated he could be had for just £32 million:
That seems a low fee for a talented, established player with tremendous upside. Draxler has only been in Paris since January―even if the Ligue 1 giants were ready to part ways, one has to assume they would hold out for a larger fee.
Injury concerns dropped his value in the past, but the Germany international has been healthy since moving to PSG. He's yet to start for the club this season after returning to the team late following the 2017 FIFA Confederations Cup, where he won the Golden Ball.
If Draxler did move, Munich would be a logical destination. The Germans always seem to pick out bargains in the transfer market and generally move faster than their rivals. They prioritise signing German players and are expected to invest in wide players soon, with Arjen Robben and Franck Ribery ageing.
The fee could be a sticking point―Bayern have already invested heavily in the likes of James Rodriguez and Corentin Tolisso―but if Draxler costs less than £40 million, it shouldn't be a problem.
It's doubtful PSG would sell this late in the transfer window, though, and manager Unai Emery is far more likely to try to fit both Draxler and Neymar into his squad for now. If the two can't coexist, a move could happen in January, but until then Les Parisiens will experiment away.