Alaba’s future at Bavaria is currently in the air as he is in the final year of his contract.
Bayern were confident of extending the Austria superstar’s deal but discussions towards a new contract broke down per media reports in Germany.
Alaba publicly showed his disappointment after Bayern Munich president Herbert Hainer’s comments about the club taking a potential deal off the table.
Matthaus has backed the club’s decision to decline giving Alaba the contract, saying the Bundesliga champions are taking the right approach in refusing to be held to ransom.
He told Sky Deutschland: “David is an important player and a face of FC Bayern. That's why they offered him such a great contract.
“Thomas Muller, Manuel Neuer and Robert Lewandowski are a bit more important and therefore above him in the salary structure. David is difficult to replace. Muller, Lewy and Neuer are irreplaceable.
“I hope and still believe that David will play in Munich beyond the season. However, the negotiations have not become easier for him.
“David is now free and in the market and all of Europe now knows that.”
“Now it will show how high the value of Alaba actually is in the midst of a global pandemic and whether his team of advisors has gambled away.”
The German added: “After several attempts, Bayern withdrew the lucrative, fair and absolutely appropriate offer to David Alaba and I can understand that well.
“At some point you have to position yourself as a club and set an example. They have now done that.
“The offer of €11m plus a further €6m as bonuses is not child benefit. Who is making that much money in our society?
“Solidarity is especially important now in the Corona period. And that also especially applies to soccer stars.
“FC Bayern has always been one of the clubs in the world that treat and pay their players with respect. The offer for David is more than fair and generous.
“In any case, it is very surprising that these negotiations have been going on for so long.
“If David is looking for a new challenge, it should have been communicated much earlier and more clearly. If he is only interested in more money, then unfortunately he has chosen the wrong time.
“Now I'm curious to see what his agent will land for him, whether there is a club that has better conditions for Alaba.”
Alaba has been with Bayern Munich since 2010 and has won nine Bundesliga titles and two Champions League trophies.
