Prem big boys Liverpool and Chelsea are also in the mix but the Swans are now second favourites to come to an arrangement with Bayern. The Portuguese global has been heavily linked with a move away from the Allianz Arena outfit, with numerous clubs including Chelsea and Monaco interested in his services.
Managers are now pressing ahead with their plans for the final weeks of the summer transfer window so we'll bring you all the latest news and gossip from around the globe.
It could be a no-lose situation for the Reds if any interest is firmed up, but it's also probable that Sanches will have a few teams to pick from if Bayern are adamant he should go out on loan in the next week.
Sky Sports' reporter Kaveh Solhekol reports that Liverpool are in talks to sign Renato Sanches and this is a transfer which intrigues me. But despite enduring a nightmare first season in Germany, Sanches hasn't failed to attract suitors, as Chelsea, Liverpool and AC Milan are reportedly interested in signing him. The 29-year-old ran halfway across the pitch and slotted the ball through the legs of keeper Jiri Pavlenka for his third goal in two games.
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Already world No 2, she has been within one victory of taking over the top spot on three occasions this summer but lost each time. Nadal is seeded No. 1 at Flushing Meadows for the first time since 2010 after returning to the ATP's top ranking this week.
Sanches was left out of Munich's squad for their clash with Werder Bremen this weekend as he considers his future at the club.
Renato Sanches is one of the most coveted youngsters in all of Europe, having come through the ranks of Portuguese giants Benfica.
Neuer's understudy Sven Ulreich played in Bayern's first game of the season, a 3-1 win at home to Bayer Leverkusen, with Ancelotti saying he was "very happy" with the form of the second-choice man.