Goretzka, 31, made 36 appearances for Bayern this season, scoring two goals and contributing one assist before his eight-year stay at the Allianz Arena came to an end.
Bayern Munich sporting director Christoph Freund confirmed in January that the midfielder had chosen to seek a new challenge rather than sign an extension, describing it as a mutual decision reached through open conversations.
La Gazzetta dello Sport and ESPN have both reported Juventus's interest, with head coach Luciano Spalletti having identified Goretzka as a personality fit and technical upgrade for his midfield. Juventus made unsuccessful attempts to sign him at two previous points in his career and are ready to try again.
The obstacle is financial. Goretzka is seeking a contract to 2029 with an annual net salary of approximately €7m and a signing bonus of €10m — terms that Juventus struggle to meet following their failure to qualify for the Champions League, which costs the club approximately €40m in broadcast and prize money. The Bianconeri hierarchy has informed Goretzka's representatives that the package as constructed is beyond what they can currently offer.
Arsenal occupy the strongest position. The Premier League champions are guaranteed Champions League football, can match Goretzka's salary demands, and Fabrizio Romano confirmed the club are actively interested. Multiple reports describe the England top flight as Goretzka's personal preference, with Bild suggesting the midfielder has made this clear to his advisers.
Goretzka will travel to the World Cup with Germany before making any decision. Whether Arsenal formalise their interest with a concrete offer before the tournament ends will determine whether the race is truly competitive or whether the destination is already effectively decided.