Bayern Munich Prepares Major Contract Offer for Michael Olise

Bayern Munich is preparing a lucrative contract extension for Michael Olise as Real Madrid and Barcelona monitor the France international's future, according to reports published on October 11, 2026. The Bundesliga club wants to retain the 24-year-old winger beyond his current deal, which expires in 2029, while negotiations over a possible renewal remain unresolved.

According to Sky Sport Germany, Bayern is considering extending Olise's contract until 2032 and increasing his annual salary from approximately €14 million to €30 million. Such an agreement would potentially make him the club's highest-paid player, surpassing Harry Kane and Jamal Musiala, who reportedly earn around €25 million annually.

The proposed package reflects Bayern's determination to secure Olise's long-term future amid growing interest from leading European clubs. However, a release clause remains a potential obstacle, with reports suggesting the player's representatives want an exit mechanism included in the new agreement.

Bayern president Herbert Hainer has emphasized that the club is financially equipped to resist approaches for its key players and hopes Olise will commit to a longer stay in Munich.

"FC Bayern is a club that doesn't need to sell. We make our decisions from a position of strength. Michael Olise still has a contract with us until 2029. I hope and wish that he will extend it at some point," Hainer said on Bild TV.

Hainer also indicated that Bayern would defend its position if other clubs attempted to sign the winger. His comments came amid persistent speculation linking Olise with a move to Spain, particularly Real Madrid.

"Regardless of whether it's Real Madrid or whoever else makes a move, we know how to defend ourselves well. FC Bayern has a lot to offer," Hainer added.

The Bayern president believes Olise has adapted successfully since arriving from Crystal Palace in 2024 and has become an increasingly prominent figure in European football.

"He feels very comfortable here in Munich," Hainer said. "When he first came to us, only insiders knew him. Now the whole football world knows him."

Hainer has also expressed confidence in Olise's potential to reach the highest individual level in the sport, including winning the Ballon d'Or.

"I'm convinced he'll win the Ballon d'Or one day – maybe even this year," Hainer predicted.

Despite Bayern's confidence, reports from TEAMtalk indicate that Olise would consider a move to Spain more seriously than a return to the English Premier League. Real Madrid and Barcelona are both described as potential destinations, while Liverpool, Arsenal and Manchester City have received little encouragement regarding a possible transfer.

TEAMtalk reported that Olise is open to discussing a new agreement with Bayern and that the German champions are prepared to offer terms comparable to Kane's prospective contract. The report also cited the winger's record of 108 goal contributions, comprising 50 goals and 58 assists in 114 appearances.

Reports have differed on the status of negotiations. While Bayern has explored an extension, sporting director Max Eberl said on Saturday that concrete renewal talks had not yet taken place, according to Yahoo Sports.

The potential release clause remains a central issue. Reports suggest Olise's representatives consider such a provision important, drawing comparisons with the clause associated with his departure from Crystal Palace for approximately €53 million in 2024. One proposed figure for a new clause is more than €200 million, although the final terms remain unsettled.

Real Madrid's interest also extends to other players linked with Bayern and European rivals. Separately, reports published earlier in October indicated that the Spanish club was considering Napoli midfielder Scott McTominay, while AC Milan was exploring a possible permanent move for Real Madrid striker Endrick.