Bayern Munich have pulled out of the race to sign Marco Reus, leaving the door wide open for Real Madrid and the Premier League's top clubs.

Bayern made the decision not to pursue Reus' signature several weeks ago, on the basis that they already had enough attacking players and didn't wish to worsen their relationship with Borussia Dortmund, according to Bild.

Real are now favourites to sign Reus, but with the threat of a transfer ban looming for the Spanish club, he could well be on his way to the Premier League in the summer.

Bayern Munich have pulled out of the race to sign Marco Reus at the end of the season

Reus is one of the hottest prospects in Europe and will be courted by the Premier League's top clubs

That will alert the likes of Manchester City and Chelsea, who are continuing to spend in a bid to narrow the gap between themselves and Europe's top table.

Jose Mourinho's Blues are set to sign Fiorentina's Juan Cuadrado this week and are ready to offload Andre Schurrle to offset the cost.

Manchester United haven't been shy in giving Louis van Gaal money to spend either and could be tempted to throw their hat in the ring for Reus.