Bayern chairman Karl-Heinz Rummenigge insists the European champions have no intention to sell the striker, despite the impending arrival of Robert Lewandowski.
Mandzukic has been linked with a move away from the Allianz Arena, after Bayern announced the signing of Lewandowski on a five-year deal from Borussia Dortmund, although he will not complete the move until July 1st.
But Rummenigge insists the arrival of the Pole will have no impact on the future of Mandzukic, who was believed to be a January transfer target for Arsene Wenger.
“We’re very happy with Mario,” Rummenigge told his club’s website.
“He made a major contribution to us winning so many titles last year. I just have to think back to the goal in London.
“He’s a fantastic player who has come on leaps and bounds with Bayern.
“His contract runs until 2016 and I told his advisor in Marrakech that we would be willing to talk about an extension. We have absolutely no intention of selling Mario.”