Schalke sporting director Horst Heldt insists that the club have still not accepted Bayern Munich's bid for goalkeeper Manuel Neuer.The 25-year-old shot-stopper caught the eye as Schalke reached the quarter-finals of the UEFA Champions League, eventually losing out to English Premier League heavyweights Manchester United.

The Gelsenkirchen outfit also won the German Cup, but only managed a 14th-placed finish in the Bundesliga.

The form of Germany number one Neuer prompted interest from Schalke's Bundesliga rivals Bayern, who are rumoured to lead the chase for his services.

But it appears Neuer's move to Bavaria is still some way off being completed.

"There is nothing new. We had a meeting scheduled today in which we presented the offer Bayern Munich made for Neuer. We have talked about that but we haven't made any decisions yet," Heldt said on Tuesday.

"First of all, Manuel said in his press conference - in which I sat beside him - that he has a contract with us until 2012. It is my belief that one should honour such words. He never said that he wanted to leave the club right now, even while admitting that he has thought about it, and despite the fact that Bayern wants him."