Bayern Munich chief Karl-Heinz Rummenigge has declared Barcelona the best team in the world.

Barca dumped Bayern out of the Champions League this week.

"I think we did very well as a team, and for 70 minutes Barcelona also did well, but we have to think that we've been knocked out by probably the best team in the world right now," Rummenigge said.

"Barcelona are worthy finalists, but we bow out with our heads held high."