Bayern Munich technical director Michael Reschke says his club do not make "super transfers" like Real Madrid.
Real Madrid have made big money deals for Cristiano Ronaldo, Gareth Bale and James Rodriguez. Madrid have broken five of the last six world transfer records in signing Luis Figo, Zinedine Zidane, Kaka, Ronaldo and Bale.
"Bayern invest a lot of money in signings, but not the same size as Madrid," Reschke said. "Such super transfers do not fit with the club's philosophy. The biggest fee we have paid was for Javi Martinez [€40 million] in 2012. Bayern have a very clear philosophy, and we will keep to that path."
Reschke predicted fewer big money transfers in coming years.
"The economic gap is the biggest reason," he said. "The second is that the big clubs are operating all the time in a more professional way.
"Last year we had a transfer of over €100m, [Paul] Pogba, and maybe we could put [Gonzalo] Higuain close to this with €90m. But I predict less transfers of this size. Because the top clubs are all the time selling fewer top players. They only move when their contracts end -- like [Zlatan] Ibrahimovic and [Dani] Alves...
"Maybe you can buy someone when they reach the last year of their contract. The best players are at Juventus, Real, Barcelona, Atletico [Madrid] and the top teams in England, Munich, [Borussia] Dortmund, Paris Saint-Germain... These players make the difference.
"Sooner or later, in the biggest games, they are decisive. It is impossible, even with a very well organised team, to counteract this quality. We will see this year what happens with Monaco [in the Champions League]. That could be an exception. They have very good players and some who could develop to the very top level."