Olise Transfer Battle
Bayern Munich Remains Firm on Keeping Olise Amid Strong Real Madrid Pursuit
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Key Points
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Liverpool's interest in Michael Olise has cooled, with reports suggesting they are shifting focus to alternative options such as Yan Diomande.
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Real Madrid are pursuing Olise as a dream signing, and the club is reportedly looking to reinforce the squad under an incoming manager who is pressuring for more signings.
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Diario AS has reported Real Madrid 'likes very much' Olise, suggesting he remains on the radar of the Spanish giants amid ongoing transfer chatter.
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Olise has been a standout performer for France at the World Cup, keeping him in the spotlight and attracting interest from top clubs like PSG and Real Madrid.
Bayern Munich president Herbert Hainer has shut down Real Madrid's pursuit of Michael Olise, saying the Spanish club should "forget about" any deal. Daily Sports reported Hainer's blunt message: "We don't want to sell Michael Olise — we are not a selling club." Real Madrid is said to be preparing a bid north of €200 million for the 24-year-old winger, which would shatter the world transfer record.
Olise has been one of the standout players at the 2026 World Cup in North America, recording three assists in France's first two group-stage games. That form has driven his valuation to an all-time high and drawn interest from Real Madrid, PSG, and others. But Bayern insists he is not going anywhere — for now.
Hainer Slams Door Shut on Madrid's Pursuit
Bayern president Herbert Hainer addressed the speculation directly on June 28–29. He confirmed that Real Madrid president Florentino Pérez had not made any formal contact. "If he had that in mind, he can save himself the trouble," Hainer said, according to Daily Sports. Hainer also stressed that Bayern and Real Madrid share a good relationship — and he wants it to stay that way.
Real Madrid also issued a public statement distancing the club from reports of "secret contact" with Olise. Despite the denials on both sides, TNT Sports reported that multiple top clubs — including PSG and Barcelona — continue to monitor his situation closely. The public noise has not stopped the speculation from growing.
Olise Demands Post-World Cup Meeting With Bayern
Olise has requested a face-to-face meeting with Bayern's leadership after the World Cup. He wants clarity on his long-term role at the club and to understand how Bayern values him going forward, according to Head Top Topics. Bayern has agreed to the meeting and plans to lay out a clear plan to keep him at the center of their project.
Zamin reported that the meeting is expected to include talks about a major contract upgrade. Bayern is said to be ready to raise Olise's salary from around $17 million per year to $29 million per year — which would make him one of the highest-paid players in Europe. The offer is Bayern's clearest signal yet that they do not plan to let him go.
Olise's World Cup Form Fuels the €200M Frenzy
Olise joined Bayern from Crystal Palace in July 2024 for €60 million. Since then, he has produced 27 goals and 33 assists in the 2025/26 season alone — 60 goal involvements across 61 games total. He won Bayern's Player of the Season award for the second straight year. That output has pushed his estimated value above €200 million, according to reports from Yahoo Sports.
His World Cup performances have only made things worse for Bayern. Olise scored a hat-trick for France in a warm-up match and has topped the tournament's assist charts through the group stage. Spanish outlet Diario AS reported that Real Madrid "likes very much" what it sees. The better Olise plays, the louder the transfer noise gets.
Liverpool Pivots to Diomande as Olise Race Heats Up
Not every club is still chasing Olise. Liverpool has quietly stepped back from the race, with reports suggesting the price tag has become too steep. TNT Sports noted that Liverpool and other Premier League clubs are now shifting focus to 19-year-old Yan Diomande of RB Leipzig as a high-ceiling alternative at a far lower cost.
Real Madrid's reported incoming manager José Mourinho is said to be pushing the board for attacking reinforcements. Failing to land Olise could create early tension between Mourinho and club president Pérez. For now, Bayern holds all the cards — but the post-World Cup meeting with Olise will be the moment that decides everything.
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