Karl-Heinz Rummenigge, chairman of Bayern Munich, has ruled out the possibility of pursuing a transfer for Julian Draxler of Schalke.

"We are not buying any player from [Borussia] Dortmund or Schalke just to hurt these clubs," he said. "We are just buying players who can give FC Bayern more quality straight away. I can rule out that we will sign Julian Draxler in the summer."

Draxler, one of Europe's best young attacking midfielders, has been linked to a transfer to Arsenal and Manchester United.