Bundesliga Hoeness says Bayern will not pay inflated prices

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With Kylian Mbappe set to join Real Madrid for 180 million euros and Paris Saint-Germain willing to pay 222 million euros for Neymar this summer, Carlo Ancelotti claims the situation has got out of control.

The Bayern Munich boss is in agreement with the club's president Uli Hoeness who is surprised at the elevated transfer fees

"The transfer market is now completely crazy," Ancelotti told a press conference in Singapore.

Hoeness, meanwhile, said that while the madness in the transfer market continues, it would be impossible for Bayern to aim for Champions League success as they are not going to take part in the spending outrageous sums.

"I am not going to buy a footballer for 150 or 200 million euros," Hoeness said.

"We will not participate in that madness and while it lasts it will not be possible to plan for victory in the Champions League.

"Our aim is to be the champion of Germany."