The Barcelona prodigy is set to decide on a move to either Manchester United or Barcelona - but who should he choose? Let us know by voting in our poll and leaving a comment below!
Thiago Alcantara is hot property. After steadily building his reputation at Camp Nou as one to watch, the 22-year-old headed to the European Under-21 Championship and scored a tournament-winning hat-trick in the final against Italy.
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However, rumours surfaced on Wednesday night that the Red Devils would have to compete with European Champions Bayern Munich, and manager Pep Guardiola - who knows Thiago well from his time at Barcelona - admitted as much on Thursday, insisting "Thiago is the only player I want, that's what I told them. It'll be him or no one."
Guardiola also suggested that he could make room for Thiago by moving Javi Martinez away from midfield and into the centre of defence, killing speculation that Bayern would be overstocked in midfield.
For United, though, it would represent a major blow to their transfer market aspirations and call into question the allure of David Moyes at Old Trafford.
Who do you think Thiago should move to? At Old Trafford he will be almost guaranteed a place in the starting XI, while at Bayern there is, perhaps, a greater chance to win major trophies. Where would you go if you had to make the choice? Bayern Munich or Manchester United?
Let us know by voting in our poll and leaving your comments below. You can also get in touch via our Facebook and Twitter pages.