Real Madrid are preparing a club-record bid of €150 million for Bayern Munich winger Michael Olise, according to widespread reports from Spain and Germany published this week. Florentino Pérez, who reportedly fell for the 24-year-old during their Champions League quarter-final meeting this season, is said to be ready to move decisively in what would rank among the most expensive transfers in football history. The bid, if confirmed, would eclipse the fees Madrid paid for Kylian Mbappé and Jude Bellingham.
Bayern have no interest in selling
Bayern Munich's position could not be more straightforward: Olise is not for sale, at any price. Club president Herbert Hainer put it bluntly in comments to German newspaper Bild, saying: "Michael Olise is a Bayern player and has a long-term contract. We are not a selling club. If Florentino Pérez wants to send us an offer — which hasn't happened so far — he can save himself the trouble." Olise signed a long-term deal with Bayern that runs until 2029, and the German club have already rejected reported advances of €160m and €175m in recent weeks. The suggestion that even €200m would not be sufficient gives a sense of how firmly Bayern are digging in.
Mbappé reportedly backing the deal
Reports from Spain suggest that Kylian Mbappé has been actively pushing for Real Madrid to sign Olise, with the France captain keen to link up with his international teammate at the Bernabéu. If accurate, that kind of internal endorsement carries weight in a club environment where the biggest stars have historically had influence over recruitment decisions. Olise had a standout season in the Bundesliga, helping Vincent Kompany's side to consecutive league titles, and his form at the World Cup in the coming weeks — representing France — will only add to the clamour around him. But Bayern's wall appears solid right now.
A saga that is only getting started
Transfer sagas involving elite European clubs rarely conclude before they have run through several rounds of claim and counterclaim. Real Madrid have the financial firepower to make an offer that causes discomfort even at a club as wealthy as Bayern. The question is whether Olise himself will eventually push for the move or whether Bayern's contractual security gives them the leverage to hold firm all summer. For now, every indication is that this one is going to run and run. Keep an eye on what happens after the World Cup, when club football's attention fully returns and the pressure on all parties tends to sharpen considerably.
Transfer context: Michael Olise, 24, France international. Current club: Bayern Munich (contract until 2029). Reported Real Madrid bid: €150 million. Bayern's reported minimum asking price: in excess of €200 million. Transfer window opens: June 15, 2026.
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