The relationship between both Bundesliga giants has turned sour in the past few months, but there will not be any talks in the foreseeable future
Things have turned sour between both Champions League finalists in recent months following the transfer of Mario Gotze from BVB to Bayern and the ongoing speculation surrounding the future of Robert Lewandowski.
However, Watzke feels there's no need for peace talks just yet as they still enjoy a sufficient working relationship.
"There will not be a peace summit with Bayern. There is really no need to discuss anything with Bayern president Uli Hoeness," Watzke told Bild.
"I have kept a close eye on all developments in the past few months. We have a professional relationship. That's all we need.
"When I last spoke to Hoeness? At half-time during the Champions League final. I will keep it to myself what we talked about..."
Watzke stressed earlier this week that Dortmund will not allow Lewandowski to join Bayern, but admitted that they could sell the striker to another club for the right price.