The German club had initially offered €65m for the winger, but Liverpool rejected the bid, insisting that Diaz is worth at least €100m.
However, Diaz has expressed his willingness to consider Bayern's offer, and has even agreed to personal contract terms with the club.
This development suggests that Diaz is seriously considering leaving Liverpool this summer, and Bayern are eager to take advantage of the situation.
The Reds may be open to re-evaluating their valuation of Diaz, especially since he has expressed his desire to leave Anfield.