The club has not confirmed the report.
Not only the results, the manner in which his side have capitulated have the fans calling for his head.
He also had a spell with the Bundesliga side from 1987 to 1991, as well as some time as caretaker manager in 2009. At the end of the 2012-2013 season, Heynckes decided to leave Bayern and retired. He has emerged as one of the game's few world class midfielders alongside Luka Modric and Casemiro over his time in Spain.
Ancelotti was given his marching orders by Bayern in September after a shaky start to the season.
Kroos has blossomed since, and credits current boss Zinedine Zidane with helping him develop and become one of the main men in the Spanish capital since his move three years ago. Rarely have they made a wrong decision and always they act in the best interests of Bayern Munich.
Bayern Munich may have won five straight Bundesliga titles, but even now, it's the first of those that stand out.
The German is expected to take up an offer to return as coach of Bayern over the next 48 hours. "There are four and a half years that I've stopped with Bayern, and football has continued to evolve ".