Munich’s next contract conversation has the feel of a transfer-market summit. Michael Olise remains tied to Bayern Munich until 2029, yet the French international’s rise has ensured that Europe’s leading clubs, Real Madrid among them, continue to watch his situation closely.
Real Madrid had identified the London-born winger as a major target during last summer’s window, but Bayern made it clear that no proposal would be entertained. The German champions still want to keep control of Olise’s future, even while accepting that they cannot guarantee he will remain at the Allianz Arena indefinitely.
Bayern are now preparing a substantial renewal offer for the 24-year-old, with the intention of extending his deal through 2032. The proposed terms would reportedly pay Olise €25 million net per season, placing him alongside Harry Kane and Jamal Musiala at the top of the club’s salary structure. Discussions with his representative, Glen Tweneboah, are expected to begin soon.
A clause that keeps Europe watching
Olise is not opposed to committing further to Bayern, where he has become one of Vincent Kompany’s most influential attacking players. His camp, however, wants any new agreement to include a release clause. That condition would preserve an eventual route out of Bavaria should the player seek a different challenge later in his career.
The figure could reach €200 million, a level that would protect Bayern’s investment while giving Madrid and other interested clubs a clear reference point for any future pursuit. For the Spanish side, the request is a sign that Olise is prepared to extend his stay without entirely closing the door on a move elsewhere.
Olise joined Bayern from Crystal Palace in July 2024 for €53 million. He has started the current campaign with eight goals and four assists in all competitions, following an extraordinary 2025-26 club season in which he produced 22 goals and 31 assists.
His latest reminder came with France on Monday, when he scored in the win against Belgium. From Munich to Madrid, the attention around his next contract is likely to grow with every performance.
