The 32-year-old could be set for a move back to his native Holland, according to the newspaper.
Makaay will not be needed at Bayern Munich for next season, following the arrival of strikers Jan Schlaudraff and Luca Toni, and the possible signing of Werder Bremen star Miroslav Klose.
The striker joined Bayern from Deportivo La Coruna for a club record 18.75 million euros in 2003.
