The 33-year-old has confirmed that he will not be extending his contract at the Allianz Arena, which expires in June 2023, and is set to consider his options ahead of this summer's transfer window.
Bayern are believed to be open to parting ways with the Poland international if they can find a replacement before the 2022-23 campaign.
Barca are keen to bring Lewandowski to Camp Nou, but Mundo Deportivo reports that they are only prepared to pay €35m (£29.6m) for the striker due to their financial situation.
Should the Catalan giants fail with a cash offer, the report adds that they are prepared to offer Depay in exchange for Lewandowski.
Depay only joined Barca last summer on a free transfer from Lyon, but his long-term future with the La Liga giants is believed to be uncertain, with one report claiming that the Dutchman has been placed on the transfer list.
Lewandowski, meanwhile, has enjoyed another exceptional campaign in front of goal this term, netting 50 times in 46 appearances for Bayern across all competitions. body check tags ::