Uli Hoeness has rubbished reports that the Bundesliga champions are ready to offload the 29-year-old centre-forward this summer.
Lewandowski has been heavily linked with a potential move to the Premier League with both Chelsea FC and Manchester United thought to be interested.
However, the Polish striker was thought to have his heart set on a move to Champions League winners Real Madrid after hiring a new agent.
Lewandowski has won four successive Bundesliga titles with Bayern since his move to the Allianz Arena in a free transfer from their rivals Borussia Dortmund in 2014.
However, Bayern president Hoeness has rubbished the suggestion that the Bundesliga champions would be willing to sell Lewandowski in a €200m deal.
“A €200m price tag is nonsense,” Hoeness told Sky Germany.
“Robert will not be sold and will play next season with us. Everything has been said about that.”
Lewandowski has won six Bundesliga titles but the Poland international still hasn’t got his hands on the Champions League trophy.
Manchester United have already been active in the summer transfer window after the Red Devils signed Fred in a £52m deal from Shakthar Donetesk last week.
The Red Devils have also signed Portuguese defender Diogo Dalot from FC Porto.
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