The 21-year-old is regarded as one of the most promising goalkeepers in Europe, and has started attracting attention from a host of top sides after some impressive performances in the Bundesliga.
Arsene Wenger is believed to be one of his many admirers, and was supposedly keen to make an offer during the summer.
The Gunners interest was at its most prominent last season, when Woijech Szczesny suffered a dip in form.
However the Pole started this season as number one, and his performances have contributed to Arsenal sitting at the top of the Premier League table, meaning Wenger’s interest in the German keeper has cooled.
Now it seems Barcelona – who are set to lose Victor Valdes in the summer – lead the chase for Stegen, with a decision on the young keeper’s future expected to be made by the end of the week.
“I did not say I knew if there had been communication with Barca,” Stegen told Bild. “I will talk soon with [Gladbach sporting director] Max Eberl and CEO Stephan Schippers over my contract and everything else.
“There will be a decision in the next few days. All those responsible know what I am going to choose!”