Chelsea are in the market for a new striker this summer and have made Erling Haaland their top target, even though the Borussia Dortmund forward will cost at least £150 million.
The Champions League holders have been looking at alternatives and Lewandowski is on their shortlist.
The Poland international, who finished as the Bundesliga’s top scorer with 41 goals last season, has just two years remaining on his contract with Bayern and Chelsea had made an approach to the striker’s agent to discuss a possible deal.
But Bayern president Herbert Hainer is adamant that Lewandowski will see out his contract and could even commit to a new deal.
‘Firstly, in my opinion, Lewandowski is best striker in the world. We are so happy that we have him in our team,’ Hainer told Goal.
‘He still has two more years on his contract. He will definitely play those with Bayern Munch.
‘I said it already a few weeks ago – I could imagine him staying with us for even longer. He will honour his contract.
‘He will definitely play the next two seasons here in Bayern Munich.’
Haaland also distanced himself from reports linking him with a move to Chelsea on Tuesday.
When asked about a potential £150m move to Stamford Bridge, Haaland said: ‘I haven’t spoken with my agent in a month. You might have the answer.
‘I am a normal person. That’s a lot of money for one person. I hope there is nothing in it.’