The 42-year-old is guiding Leverkusen towards their first-ever Bundesliga title in some style this season, with the Bay Arena club currently 10 points ahead of second-placed Bayern.
Alonso's men are unbeaten in the first 26 matches of the top-flight season and during their journey in the Europa League, in which they will face West Ham United in a quarter-final clash next month.
Since taking the reins at Leverkusen, the Spaniard has won 50 of his 75 matches in charge across all competitions, tasting defeat on just 10 occasions.
According to Sky Sports News, Alonso has decided where his next destination will be for the 2024-25 campaign should he opt to leave his position at Bayer Leverkusen.
The report claims that the World Cup winner has picked Bayern Munich as his preferred role, with the coach currently attempting to beat the Bavarians to the Bundesliga crown.
It is widely understood that Liverpool are in the race for Alonso's services, highlighting the ex-Reds midfielder as their number-one target as the season approaches its end.
The Anfield club are on the hunt for a successor to German manager Jurgen Klopp, who is leaving his Merseyside post at the end of the term after nine years.
Although Alonso is Liverpool's first choice, the Reds are also looking at secondary options in the eventuality that they are unable to lure the 42-year-old to the Premier League.
It is believed that Klopp's side are also interested in sounding out the availability of Ruben Amorim, who is in the process of guiding Sporting Lisbon to the Primeira Liga
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