Bayern Munich reportedly had a bid rejected for FC Porto defender Alex Telles in the summer and could be dealt a big blow, with the player close to penning a new deal at the club.

A host of clubs were queueing up to recruit the Brazilian full-back in the summer but Porto rebuffed advances as they looked to retain the services of their key men.

Bayern were notably considered as potential suitors for Telles and according to reports, had a huge bid worth €35 million turned down.

Telles is a key man for the Liga NOS giants and according to claims from Portuguese news outlet A Bola, he will be rewarded with a contract extension at the club.

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Porto are believed to be confident of tying up a deal to keep Telles at the club for the foreseeable future, with negotiations continuing to progress in a positive fashion.

The Portuguese giants are also ready to ensure that if Telles is to leave in the coming years, a premium price will be required. A Bola claim that a buyout clause fixed at €50m will be set in the Brazilian’s new deal.

Bayern were not the only club believed to have been interested in Telles during the summer, however. Liverpool and Chelsea were both said to have expressed a strong interest in landing the defender.