Wolfsburg chief Klaus Allofs denies they're chasing Bayern Munich striker Mario Mandzukic.

Mandzukic is a target for Chelsea and Arsenal.

Mandzukic moved from Wolfsburg to Bayern just two summers ago, but Allofs says a return is out of the question.

"It's just a false announcement, there is no truth to it in the slightest," Allofs told Sport1 television.

"I think our board of directors have already said what needs to be said about it: we have not had any contact with the player."

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