Rummenigge: I know where Pep is going

Bayern München CEO Karl-Heinz Rummenigge believes he knows where manager Pep Guardiola will move to next, but is keeping it under wraps.

Guardiola announced on Sunday that he would not renew his contract with the Bundesliga giants, and is expected to have plenty of suitors come the end of the campaign.

"I think I know where he is going," Rummenigge told Bild. "But I want to leave the announcement to him or his new employer.

"At the Christmas party two weeks ago he came to me, he told me that he was looking for a new challenge and almost apologised.

"It was clearly difficult for him, I'm not disappointed in him. I could see that Pep Guardiola had really grown to love FC Bayern and its fans."

The 44-year-old Spaniard has been heavily linked with a move to Manchester City to replace Manuel Pellegrini, but Premier League rivals Manchester United and Chelsea have also been rumoured to be keen on his services.

Until then, Guardiola will try to leave Germany with another league title, and his side currently top the Bundesliga standings with an eight-point lead as league action halts for the winter break.