BERLIN (Reuters) - German champions Bayern Munich have repeatedly signalled their desire for a contract extension with coach Pep Guardiola but the Spaniard seems in no rush to sign a deal past 2016.

He led Bayern to the domestic league and Cup double in his first season in charge last year but any talk of a deal renewal past his original three years will happen later in the year.

Despite their runaway lead in the Bundesliga again this season, any possible deal extension seems to largely hinge on his ability to land the Champions League title this season.

Last season's semi-final exit at the hands of Real Madrid dashed the hopes of a dream first season for Guardiola and the Spaniard, who won more than a dozen titles in his four years at Barcelona, is eager to make amends.

"We still have time to talk about that (contract extension) after the end of the season in the summer. Football is today like that and completely different the next day," he told Bayern fans during visits to fan clubs on the weekend.

"It was a big challenge for me (to work at Bayern). I have had a great time and it was a dream come true to be Bayern coach," he said.

Questions about his future have swirled for months with club chief executive Karl-Heinz Rummenigge saying Bayern were ready to sign a contract extension.

"I hope that he stays as long as possible at Bayern," Rummenigge said in his most recent praise of the Spaniard.

"Pep can stay as long as he wants to. He is not a person who seeks security. He does not need a five-year deal to know how much he earns at Bayern."

Rummenigge said he would respect Guardiola and not talk about a new deal before the second half of the year.

That would be after this year's Champions League winner has been determined.