Bundesliga football club Bayern Munich president Uli Hoeness has admitted that Arsenal forward Alexis Sachez is out of the German club's reach.

"The salaries being talked about up front of around 20.26 million euros ($23 million) every year are definitely an amount that isn't feasible for FC Bayern," Hoeness told German website Kicker on Monday.

Bayern Munich chairman Karl-Heinz Rummenigge on Monday rubbished media reports which said that the record German football champions are interested in signing Portuguese superstar Cristiano Ronaldo from Real Madrid.

Ronaldo is reportedly considering quitting Real after being accused of tax evasion totalling 14.7 million euros ($16.5 million) by Spanish authorities.

Reigning German football league champions FC Bayern Munich have signed promising central midfielder Corentin Tolisso from French outfit Olympique Lyonnais. The Bundesliga title holders confirmed in an official statement on Wednesday that they have secured the services of the promising youngster for five years, with the contract extending till June 2022.

"We are very happy that Bayern were able to sign this young and highly interesting player despite the interest of many other European clubs. Corentin Tolisso was the desired midfielder of our head coach Carlo Ancelotti," Bayern CEO Karl-Heinz Rummenigge said.

FC Bayern Munich on Sunday announced that they have agreed terms with fellow German football club Werder Bremen to sign young Germany winger Serge Gnabry, who will pen a three-year contract.

"We're pleased that in Serge Gnabry another young German international is coming to FC Bayern. Serge has developed a lot at Bremen," Bayern chairman Karl-Heinz Rummenigge said in a statement.

After a disappointing football season with only one title, Bayern Munich have announced they are considering to invest a record over $100 million into new footballers.

Uli Hoeness, President of the German champions, announced that the club will overhaul its investment policy. More than 100 million euro ($112 million) will be made available to reinforce the current squad in order to attack Europe's top dogs in football such as Real Madrid, Juventus and FC Barcelona.

Bayern Munich bounced back to defeat RB Leipzig 5-4 in an away tie while Hoffenheim beat Werder Bremen 5-3 in their Bundesliga football matches.

League leaders Bayern Munich turned the tide in a nine-goal thriller to flabbergast hosts Leipzig on Saturday evening. Leipzig broke the deadlock just two minutes into the encounter. The newcomers to the German top division took the lead when Emil Forsberg's cross to the far post found Marcel Sabitzer, who nodded home.

Paris Saint-Germain (PSG) midfielder Marco Verratti's agent has insisted that the Italian star will not leave the capital football club this summer, clarifying that his client is with an ambitious outfit.

The 24-year-old, who is under contract at PSG until 2021, has been linked with several top European clubs like Juventus, Bayern Munich and Barcelona.