Real Madrid president Florentino Pérez is reportedly preparing a club-record €150 million (£130 million) bid for Michael Olise, contingent on the outcome of his re-election bid this weekend. The 24-year-old winger, who joined Bayern Munich from Crystal Palace in 2024, has emerged as the primary target for the Spanish giants.
While Pérez publicly denied the move during a press appearance on June 4, journalists including Jacob Steinberg of The Guardian report that the executive is determined to land the attacker to lead a new era at the Santiago Bernabéu.
The interest stems from a masterclass performance by Michael Olise during a 2-1 Champions League quarter-final first-leg defeat to Bayern at the Santiago Bernabéu in April 2026. Despite the German side’s loss, Pérez was reportedly “in love” with the winger’s display, which included a vital assist for Harry Kane.
This pursuit is further backed by José Mourinho, whose return to the Madrid dugout is expected if Pérez wins the June 8-9 election. Mourinho reportedly wants Michael Olise as part of his project after watching him firsthand when Bayern beat VfB Stuttgart in last month’s German Cup final.
But extracting Michael Olise from Bavaria appears nearly impossible given Bayern Munich’s rigid “not for sale” stance. Club leadership has made it clear that the Bundesliga Player of the Season will not be moved for any monetary figure.
Uli Hoeness, the club’s honorary president, has stated publicly that there is “no chance to sell, not even for €200 million.” This philosophy was adopted after a Chelsea bid for Franck Ribery over a decade ago, with Bayern resolving never to offload stars who remain central to the squad’s competitive strength.
Michael Olise identified as Real Madrid’s primary 2026 objective
Real Madrid officials are looking to Michael Olise to solve issues on the right side of an attack that currently features Rodrygo and Brahim Diaz. Following two trophyless seasons, the club sees the 24-year-old’s creative output — which includes 16 goals and 24 assists so far in the 2025-26 campaign — as a necessary upgrade.
As of March 25, 2026, he had already recorded 43 direct goal involvements in 39 appearances, underlining his status as one of Europe’s most consistent offensive threats.
The competition for the winger extends beyond the Spanish capital, with Premier League giants Manchester City and Liverpool also showing interest. While Salah faces a career defining choice due to an expected Anfield exit, Liverpool was reportedly willing to bid €200 million for the Bayern man.
However, with Michael Olise becoming a cornerstone of Vincent Kompany’s tactics in Munich, any potential suitor faces a complex negotiation for a player whose contract runs until 2029 and lacks a release clause.
Bayern Munich director Max Eberl dismisses transfer speculation
Director of Sport Max Eberl has remained firm, dismissing the idea of entertaining any bids for the French World Cup prospect. Bayern Munich views Michael Olise as an “unsellable” asset and a central figure in the club’s long-term planning under Kompany.
Since moving to Germany for €60 million, he has helped the side win two Bundesliga titles and has reached the 20-goal milestone for the second consecutive season, further justifying the club’s refusal to name a price tag.
The situation in Munich contrasts with other major market movements, such as when Manchester United secure a deal to reshape defense with high-profile signings. Instead of selling, Bayern is reportedly planning to offer Michael Olise a new lucrative contract later this year.
This move would cement his future in the Bundesliga even as the Madrid board prepares its record-breaking maneuver. For now, the winger remains focused on his duties for France at the upcoming World Cup where he is expected to be a key player.
Florentino Pérez and the political landscape of Real Madrid
The timing of the €150 million bid is deeply tied to the presidential election, where Pérez faces rival Enrique Riquelme. Pérez has historically targeted “galactico-level” players during election cycles to solidify his standing with the membership.
Although he has mentioned PSG midfielder João Neves as another potential option, Michael Olise remains the priority to revitalise a squad seeking to return to domestic and European dominance next term.
And if the election concludes as expected on June 9, the formal proposal is likely to be submitted shortly thereafter. Whether Bayern Munich will actually “flinch” at a fee that would set a new club record for Madrid remains the defining question of the summer window.
For Michael Olise, the transition from Crystal Palace standout to a €150 million target in just two years marks one of the most rapid ascents in modern football.
