"I can assure that we will not buy Julian Draxler this summer," the 58-year-old told Welt am Sonntag.
"I do not know [if he wants to join Bayern]. We never talked to his agents. In my opinion the public do not understand our transfer policy yet.
"We will not buy any players from Dortmund or Schalke only to hurt them. We will buy only players who bring more quality to the club immediately.
"In the past we bought some players to be better prepared for the future because some of our players were becoming older than 30. But we will not do that anymore."
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