Bayern Munich chief, Uli Hoeness has explained the reason the German club ditched their interest in Moises Caicedo.

Bayern were in for the 22-year-old Chelsea midfielder before he swapped Brighton for Stamford Bridge last summer.

Hoeness is however of the opinion that the €127m that was quoted as the player’s asking price was too much for them.

He told FAZ: “The week before (I scouted Caicedo).

“I thought to myself: Spend 127 million euros on him? Others are welcome to do that. But FC Bayern will certainly never do that because it is simply too much money for us – regardless of the qualities of this player.

“We have an Aleksandar Pavlovic, who in my opinion can become a regular player at Bayern Munich in the future. He wouldn’t exist in the first team if we had bought a Flying Six, or whatever it’s called.”