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Bayern Munich spending spree ruled out amid talk of €60m Bailey move

The Bundesliga champions will not be splashing the cash on an elaborate squad overhaul in the close season, according to club president Uli Hoeness

Bayern Munich president Uli Hoeness has ruled out the possibility of the Bundesliga champions spending big money in the transfer window.

Jupp Heynckes' fourth spell in charge of Bayern came to a disappointing end on Saturday, as Niko Kovac - who will take over at the Allianz Arena next month - masterminded a 3-1 victory for Eintracht Frankfurt in the DFB-Pokal final.

That defeat leaves Bayern with just the Bundesliga title to their name this campaign but Hoeness, following comments from Joshua Kimmich regarding a "brutally disappointing season", does not believe a squad overhaul is required.