Bayern Munich will not pursue Chelsea winger Callum Hudson-Odoi in January, but the European champions continue to regard him as a long-term transfer target.
The 20-year-old has struggled for game time under Frank Lampard this season but the Blues continue to value him highly. They turned down Bayern's bid in October to loan Hudson-Odoi with an option to buy for £70 million ($91m).
The homegrown star is currently out with a hamstring injury and is targeting a return for Chelsea's games against Arsenal and Aston Villa after Christmas.