will not enter into a bidding war for star footballers, the German champion's boss Uli Hoeness said, describing skyrocketing transfer prices as "madness".
"I don't want to buy a player for 150 or 200 million euros, I don't want to join in such madness. That's something that we will refuse totally at Bayern," Hoeness told AFP's sports subsidiary SID in Singapore, where the club is on tour for exhibition matches.
The five-time UEFA Champions League winner is even willing to lower its ambitions.
Hoeness said the Bundesliga giant "could not set as a goal" a victory at the UCL as long as "such madness is gripping the transfer market".
"Our goal is to be German league champions and to go as far as possible in the German Cup. And to play in the Champions League. We are among the three, four best teams in Europe and any of these three, four teams can win the Champions League," he said.
According to media reports, Paris Saint-Germain is seeking to poach Brazilian forward Neymar from FC Barcelona for 222 million euros (US$256 million). Real Madrid reportedly has a deal in principle to buy French attacker Kylian Mbappe from Monaco for 180 million euros.
The record transfer fees have been bankrolled by sky-high television rights, and a growing appetite in emerging leagues, including China, which are seeking to lure stars away with spectacular sums.