"The salaries being talked about up front of around 20.26 million euros ($23 million) every year are definitely an amount that isn't feasible for FC Bayern," Hoeness told German website Kicker on Monday.
Sanchez, who failed to lead Chile to a Confederations Cup win against Germany in the final recently in Russia, has been heavily linked to Bayern.
Asked about his club's interest in Sanchez, Hoeness denied any control over operational business at the club.
"I'm not involved in operational business. Bayern CEO Karl-Heinz Rummenigge hasn't approached me, therefore, the link with him doesn't seem to be very strong."
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.