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Borussia Dortmund's general manager Hans-Joachim Watzke has accepted an invitation to meet up with Bayern Munich president Uli Hoeness at his home as they look to put aside their differences.

The pair exchanged harsh words during the final few weeks of the Bundesliga season, during which Dortmund claimed the league and cup double at the expense of their rivals, but are now willing to bury the hatchet for good.

"Uli Hoeness has invited me down to the Tegernsee and I am going to accept this invitation," said Watzke.

"We are going to meet soon."

Hoeness criticised Dortmund's failures in Europe and suggested Watzke was not telling the truth about the size of his club's wage bill.

He also said he would only congratulate the Westphalian club when they manage to repeat their domestic success in Europe, but Watzke says he needs no further justification to be in awe of Hoeness' achievements.

"He is one of the most defining figures of German football," Watzke told the Bild newspaper.

"I take my hat off to his lifetime achievements."

Watzke got the better of Hoeness twice this season, with Dortmund winning the Bundesliga title by eight points and crushing Bayern 5-2 in the DFB-Pokal final.

Rather than revelling in that success, though, Watzke admits it was hard to see Bayern miss out on penalties to Chelsea in last weekend's Champions League final.

"You suffer and feel with Uli Hoeness sitting there in such anguish," he said. "You cannot just ignore something like that.

"I really did feel sorry for him."