Bayern open to offers for Toni
Toni has hardly featured this season, missing much of the early part due to a heel injury before falling out with coach Louis van Gaal over his substitute role.
"I do not know what will happen with Luca," Hoeness told DSF television.
"We still do not have any specific offer but we are prepared to loan him or sell him because we want the team to be calm.
"His issue will continue to draw media attention and that does not bring the tranquility we want."
Toni, who scored 24 league goals in his first season in Germany to help Bayern win the 2008 Bundesliga title, was fined last month when he drove home after being substituted at halftime against Schalke 04.
The 32-year-old, whose contract runs until 2011, has repeatedly said he wants to return to Italy to get matches under his belt in the hope of playing in next year's World Cup.