Matthaus questioned Woltemade after he snubbed Bayern to join Newcastle when leaving VfB Stuttgart over the summer.
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"If he wanted to make another move now, he'd be valued at a three-figure sum. His first Premier League goals and his international goal make him even more valuable," Matthäus told BILD.
"However, I expect him to stay at Newcastle for a while before making the next move."
Woltemade left VfB for Newcastle for a fee rising to €90m and has already scored six goals for his new club this season.
