We've been through this discussion a few times already, but here is some interesting news:
According to Luca Toni, who is still friends with Pep from their playing days in Brescia, the Spaniard has asked him about Bayern Munich, and thinks he may be a good fit at the German record champions.
What was Toni's advice: Grab the chance to coach at Bayern, if you get it! Even though AC Milan is reported to be interested in securing the former Barcelona coach's signature, Toni advises against going to Italy, due to the lack of stability.
It's still far away, and Heynckes has said that Rummenigge and him have agreed to discuss the future in the spring, but this is the first insider scoop that Pep would be interested. I'm all for it.