Reports emerged that Guardiola has reached the end of his tether with the Swiss international and is ready to sell him in January.
Shaqiri is thought to be valued at £18million, and Arsenal and Liverpool are both looking to add a more creative spark to their respective squads.
But according to fresh reports surfacing on the continent, Roma, Napoli and Inter Milan are all chasing Shaqiri.
However, it is believed the aforementioned clubs are looking at a loan deal as opposed to signing Shaqiri on a permanent deal.
Liverpool Transfer Round up
Everyone knows I want to play more. I want to talk to Bayern. I feel that I will never be a starter
Xherdan Shaqiri
Shaqiri revealed his frustration at being frozen out of the Bayern first team when he said: "I thought that after the World Cup it would have been better for me to try something new.
"I thought I was moving and there were several offers for me, but Bayern decided I had to stay and I couldn't do anything else.
"Everyone knows I want to play more. I want to talk to Bayern. I feel that I will never be a starter, even if I assist in every game."
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