Jupp Heynckes, Munich’s new coach, will have the resources to strengthen his squad to bring some silver to the Bavarian giants next season after this year’s losing streak, according to German daily, Bild.
"We will spend what we have to. Whatever is needed will be available," Bayern president Uli Hoeness told Bild.
“Whatever is needed” it was announced Thursday, is a whopping 65 million Euros.
With current coach Louis van Gaal's contract terminating at the end of the season Bayern are facing a season without titles as they are out of both the Champions League and German Cup.
The Bavarian giants are also fourth in the Bundesliga and 14 points behind leaders Borussia Dortmund.
Having already coached Bayern twice Heynckes will leave Bayer Leverkusen at the end of the season for his third stint in Munich.
His most pressing concern is to strengthen the defence, especially at left-back.
Both Benfica's Portugal star Fabio Coentrao and Ajax's Dutch international Gregory van der Wiel, who could slot in at left-back, have been linked to the Munich club.
Premier League stars Jerome Boateng, 22, of Manchester City and Manchester United striker Dimitar Berbatov, 30, are other names tipped to join Bayern this summer.
Germany goalkeeper Manuel Neuer, 25, is reported to be set to leave the Champions League quarter-finalists Schalke 04 for Bayern once the season is over.