Speaking to BestBettingSites, Waddle said Bayern’s frustration comes from losing out on a player they thought they had already secured.
"They probably thought they had him at a lower price," he said. "Newcastle have obviously looked for a centre-forward after the saga with Isak. They've looked around and thought who's available? They've looked at Woltemade because he's a good player. He's a tall guy. He's quite mobile. Technically he's all right."
"Bayern Munich thought, 'he’s a player we can snap up who could replace Harry Kane in a couple of years.' They probably thought they had a deal done. But Newcastle came in and I think it's a little bit of sour grapes."
"I think Newcastle's offered a better contract, better wages, better everything. Bayern Munich would probably think they would get him at the price that they think he's worth. They think Newcastle's paid over the top. Time will tell on that."