The Croatia international continues to be heavily linked with sides across Europe, with Premier League clubs such as Chelsea and Arsenal reported to be heading the queue.
It has been suggested that Mandzukic may be open to a move due to the fierce competition for places at Bundesliga champions Bayern - with Robert Lewandowski's imminent arrival as a free agent set to bolster their ranks further.
The 27-year-old is, however, an important part of their plans heading forward and is tied to a contract which is due to run until 2016.
Bayern insist they have no intention of offloading Mandzukic, with chairman Karl-Heinz Rummenigge hoping this season's top marksman can be persuaded to snub interest from afar and pen fresh terms further down the line.
He told Welt am Sonntag: "Mario Mandzukic is under contract with our club.
"I am definitely aware that many clubs have started to show an interest in Mario's services, but I believe he will be with our club way beyond the end of this season."