Carlo Ancelotti has ruled out the prospect of Bayern Munich signing Julian Draxler during the January transfer window.

Reports in Germany have claimed that Wolfsburg are prepared to allow the unsettled 23-year-old to leave despite him having only joined from Schalke for a reported €40 million in August 2015.

Ancelotti, however, says the Bundesliga champions will not look to do any business next month.

"Draxler is a very interesting player. Full stop," he said ahead of Bayern's top-flight clash with Wolfsburg on Saturday. 

"He can play in any team. Our team is complete. We won't do anything in winter - there's no market for us."

Bayern head into the match looking to put pressure on surprise leaders RB Leipzig, who are three points clear at the top and unbeaten after 13 matches.

But Ancelotti is not concerned with Leipzig's match away to Ingolstadt and expects a difficult encounter against Wolfsburg, despite Valerien Ismael's side sitting just two points outside the bottom three.

"We have to focus on our own game. What happens in Ingolstadt does not matter. We know that, with three victories, we can return to the top of the table," he said.

"It's strange to see Wolfsburg so far down in the table. They have very good players so I expect a difficult game.

"They have players like Mario Gomez or Borja Mayoral, who I coached at Real Madrid. Luiz Gustavo and [Josuha] Guilavogui, as well. These are good players."