Real Madrid and PSG eye €200m Bayern star Michael Olise

French winger Michael Olise, linked to Bayern Munich until June 2029, has attracted interest from Real Madrid and Paris Saint‑Germain as the German club signals it will not sell him this summer, with reports suggesting a potential offer from Madrid could exceed €200 million.

Bayern Munich’s hierarchy has made clear that Olise is not for sale, with the club president stating no offer will be accepted. The club may therefore need to present an attractive contract to retain the French international.

In the current season Olise recorded 22 goals and 31 assists across all competitions, establishing himself as one of Bayern’s most decisive players. Over two seasons in Germany he has become an indispensable element of the side.

Paris Saint‑Germain is reported to be preparing a move this summer, with the French capital’s directors long admiring Olise’s profile and recent performances against them. Transfermarkt values the winger at €150 million, and PSG is said to have the financial resources to compete for his signature.

According to , Real Madrid could launch a bid that surpasses €200 million for Olise, echoing Florentino Pérez’s recent comment that the club is ready to exceed €150 million for Julián Álvarez. With the Álvarez deal appearing difficult, Madrid is reportedly turning its attention to the French international who has shone in Bavaria.

Bayern captain Vincent Kompany regards Olise as a pillar of his project, and the winger’s contract runs until June 2029. Kompany’s endorsement underscores the club’s desire to keep the player for the long term.

Olise recently scored a hat‑trick against Northern Ireland in France’s final preparation match before the 2026 World Cup. He will join Les Bleus in the United States, where France opens the tournament on 16 June against Senegal at MetLife Stadium, followed by games versus Iraq on 22 June in Philadelphia and Norway on 26 June in Boston.