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The broadest suggestion was that the Wittelsbachs, who ruled the electorate of Bavaria would take over the Austrian Netherlands - basically OTL Belgium minus the bishopric of Liege and Austria would get Bavaria. See the War_of_the_Bavarian_Succession for more details, especially the section on...

WolfBear In that scenario I would suspect that Prussia doesn't get Saxony, as its in no position to argue for any compensation and since the empress seems not to have liked Frederick and Austria of course had no reason to want them having Saxony, which is markedly richer than E Prussia. Plus...