The Croatia international will move to Asia, where he will be given an apartment or house of his choosing, a 24-hour chauffeur, as well as a hefty wage increase
Speaking to Croatian source Nogometni Magazin, the 30-year-old revealed that he has been offered a two-and-a-half year contract plus a long list of incentives.
"I got an offer from China that I can not possibly refuse. Financially, it's an incredible offer," he said. "I've not yet signed, but really I've already decided."
The Croatia international will reportedly earn €11 million over the next two years, but wages are just the beginning of his mega-offer.
"After the Champions League final, the club's owner will pick me up on a private plane to fly to China to sign the contract," Pranjic explained. "Before that I will have a medical exam in Munich.
"The President said: we will offer you a private driver 24 hours a day, an apartment or house of your choice - we'll give you anything you want!"
Pranjic, who was close to joining Everton in January before Bayern declined to sell him, has a contract that will expire at the end of June. He has made just 14 appearances for Bayern this season, totalling 513 minutes.