"For 50 millions euros, I don't even pick up my telephone," Hoeness told Bild.

"Because a figure like that doesn't even give you rights, at best, to one of Ribery's legs."

Hoeness was responding to reports indicating that Chelsea are willing to table a 50-million euro bid to sign the French star.

Ribery has also been linked with a move to European champions and Primera Liga winners Barcelona.

"For the moment, no club has made itself known to us," Hoeness added.

Ribery said last month he would consider leaving Bayern if they failed to earn automatic qualification for the Champions League.

But the Bavarian giants finished second in the Bundesliga to qualify directly for the competition's group stage.