The 20-year-old has attracted attention from Barcelona, Real Madrid, Inter Milan, Juventus, Arsenal and Bayern Munich, with Liverpool now also monitoring his progress, according to the Bild podcast Bayern Insider.
Barcelona are understood to be particularly interested, with manager Hansi Flick a strong admirer of the former Nuremberg player. The Catalan club have reportedly identified Jeltsch as a potential defensive signing for next summer.
Liverpool's interest adds another major contender to the picture. The Premier League club are regularly scouting the defender, who is valued at between €50 million and €60 million.
Jeltsch's pace and ability to operate at centre-back or right-back make him an attractive option for clubs looking for defensive versatility. He has also developed into a regular Bundesliga player at VfB Stuttgart, having taken another step forward since arriving from Nuremberg.
His progress has been recognised internationally. Jeltsch won the Fritz Walter Medal in gold in 2025 and has since been called up to Germany's senior squad by Jürgen Klopp, although his first appearance for the national team remains a potential next milestone.
Stuttgart are in a strong negotiating position. Jeltsch is under contract until June 2030, leaving the club with no immediate pressure to sell and considerable control over any potential transfer.
The growing list of interested clubs could push his valuation higher, particularly if he establishes himself in the Germany team and continues to develop in the Bundesliga.
For now, Liverpool's involvement is at the scouting stage rather than evidence of a formal offer. Barcelona and the other reported suitors are also monitoring the situation, with a move next summer emerging as the likeliest possibility.