[Vargas_4]

Bayern Munich left-back Philipp Lahm says that it is not because of financial reasons that he has not signed a new contract with the club.

The German defender has been linked with a summer transfer since he was unable to reach an agreement with his club over a new deal.

Reports coming from Germany have suggested that the 24-year-old refused to sign a contract extension with the German giants because he had found the €5 million offer made by the club insufficient.

However, Lahm has quashed these reports, saying that his doubts over a new deal are not related to the wages at Allianz Arena.

"Of course I know that footballers receive a lot of money, but I am not greedy," he told ZDF. "It is not about the money. The new contract should reflect my contribution to the team."

Meanwhile, Lahm commented on the reports linking him with a move to another league, saying: "I haven't decided what is best for me, but my goal is to play for one of the big clubs and win the Champions League."

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Goal.com - Bayern Munich - Lahm: I'm Not Leaving For Money