Lift it up and have a look first. Maybe
dogbones http://www.bmwe34.net/E34main/Mainte...PitmanArms.htm
beer cans http://www.bmwe34.net/E34main/Mainte...ameBushing.htm
or just some bent metal or a broken exhaust hanger.
Symptoms of a Worn Wheel Hub Bearing https://www.knowyourparts.com/techni...l-hub-bearing/
https://www.yourmechanic.com/article...wheel-bearings