The Liverpool No 2 has taken a step back from his role in recent days amid reports of unrest in the Anfield dressing room.
The Merseyside outfit have claimed Buvac’s decision is for ‘personal reasons’, rubbishing rumours of a falling out with long-time confidant Jurgen Klopp.
Since the news broke, the Bosnian-Serb has been heavily linked to replace Arsene Wenger at Arsenal this summer.
And now, to confuse matters even more, Buvac is being tipped to return to Germany, with two clubs seemingly chasing his signature.
According to Back Page Football, Klopp’s assistant has been approached over the Hamburg and Eintracht Frankfurt jobs in recent weeks.
Sources told Back Page Football Buvac had been given permission by Liverpool to speak to the two German sides.
However, he did not go for an interview with Hamburg, due to the uncertain future that lies ahead with the club sitting in the relegation zone.
But with Niko Kovac leaving his post at Frankfurt to take over at Bayern Munich, the Bundesliga outfit are searching for a new coach to take over next season.
And it appears this will be Buvac’s most likely destination in the summer.
However, the 56-year-old remains the front-runner for the Arsenal job.
Buvac worked with Gunners chief scout Sven Mislintant at Borussia Dortmund.
And the German is reportedly keen on bringing his former colleague to the Emirates.
Buvac will not return to Liverpool this season.