Schmeichel has four years left on his contract with County, but the club will allow him to leave for free this summer.
“Munich are a great team and it is an honour to be linked with them,” said Schmeichel.
“It is obviously a great honour for him to be associated with Bayern Munich, but there is nothing on it – we have nothing concrete from any clubs,” Schmeichel’s agent Mads Frederiksen told TV2 Sport.
“We are not ruling anything out, we are just working on some opportunities.”
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.