The Mirror says Guardiola wants to raid Bayern Munich and be reunited with Thiago for a second time.
The Manchester City boss is a huge fan of the Spain international, who is seen as a long-term option to replace Fernandinho as a holding midfielder.
Guardiola took over as Bayern boss in 2013, and quickly signed Thiago from Barcelona for £21million.
City will have to smash the club record £60m they splashed out last summer on Leicester’s Riyad Mahrez to have any chance of landing 27-year-old.
Bringing in an influential midfielder is a summer priority for manager