In Germany, it's been suggested VfB Stuttgart could receive as much as €90m for their former striker if all conditions are met.
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Rummenigge told Welt: "We could have signed Woltemade.
"But I also have to say: FC Bayern would be well advised not to go along with every financial madness.
I've always said: We want sporting success, but please with serious and solid financing. We have a top team.
"We'll be back this year as well. And if the three currently injured players (Jamal Musiala, Alphonso Davies, Hiroki Ito) come back soon, then we'll have a superb team."