For over a year, the future of Bayern Munich left-back Alphonso Davies has been up in the air.With significant interest from Real Madrid, as to where the Canadian international would be plying his

Reports from Germany confirm that the Canadian full-back has decided to renew his contract with Bayern Munich, making him one of the club's highest-paid players.

Real Madrid is scouring the transfer market to find a solution to their problem position at left-back with Alphonso Davies seeming close to turning down a move to Spain.

Real Madrid will not be signing Bayern Munich left-back on a free as so many had expected earlier in the season, with the Canadian left-back set to remain in Bavaria for the foreseeable. Los Blancos

With time running out, Bayern Munich have now presented a final offer to Davies, as per reports from Marca. The reports indicates Bayern Munich are willing to offer Davies an annual salary of £20.1m ($25.6m) to make him their second-highest paid player behind England captain Harry Kane.

On Friday, The Athletic 's David Ornstein reported that the crafty left-back and Bayern Munich are close to an agreement over a new contract. Bayern's talks with the 24-year-old have been going on for months, but Ornstein shared that only a small gap remains between the two party's expectations on a proposed four-year deal.

Alfonso Davies, Ghanian-born Canadian playing at Bayern Munich as winger, finishes his contract this summer, and has been courted by Real Madrid. The player is willing to go to Madrid, but would also stay in Munich for the right prize.

Real Madrid has faced several injury issues this season, which has exposed the fact that the squad is not deep enough to compete in multiple competitions. Florentino Pérez is well aware of this. One of the areas that need urgent reinforcement is the left-back position,