Thiago, 29, could be joining Liverpool this summer after expressing his desire for a new challenge.
The Spaniard is an important cog in the Bayern machine and not easily replaced, but Brozovic is a player of great talent.
Brozovic, 27, has so far failed to agree a new contract with Inter and a sale cannot be ruled out.
The Croatian international has two years left on his €3.5m-per-year deal and would expect a significant pay rise.
Brozovic has a €60m release clause, but Inter could listen to offers in the region of €50m.