The Bundesliga giants insist that rather than looking to sell the France international, they hope to extend his current contract which expires in 2011...
German giants Bayern Munich have dismissed speculation that Premier League club Chelsea have agreed a fee for Franck Ribery.
It was reported earlier on Thursday that the Blues had reached an accord with Die Bayern to pay around €50 million (£43.7m) in exchanges for the France international.
However, it seems that rather than hoping to sell the 26-year-old this summer, Die Roten are looking to extend his current contract which runs until 2011.
"He is contracted until 2011 and we want to extend his deal," a Bayern Munich spokesperson told BBC Sport.
Der FCB general manager Uli Hoeness revealed on Wednesday that Manchester United had made an 'unofficial' enquiry about the versatile forward's availability, and suggested it would take a bid far in excess of €39m (£34m) to land Ribery.
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