Bayern Munich chairman Karl-Heinz Rummenigge has announced that the club would hold showdown talks with German international Michael Ballack within the next fortnight.

Ballack is out of contract at the end of the season and has so far refused to sign the four-year deal offered by Bayern.

“We do not want this issue to drag on,” Rummenigge told Bild.

“Michael Ballack and his agent Michael Becker will meet with us in the middle of October and then he will inform us whether he accepts our offer or not.”

Ballack has been linked with Manchester United and there have been reports that he will sign a pre-contract agreement with United in January. Real Madrid are also reported to be interested in the playmaker.

His agent Michael Becker admitted that he had made enquiries about the market value of his client.

“Bayern took a long time putting their offer on the table,” Becker told Kicker magazine. “It is only fair that we look around and see if this offer fits the market value.”

Ballack joined Bayern from Bayer Leverkusen in the summer of 2002.