Real Madrid Plans €150m Bid for Bayern's Michael Olise

Florentino Pérez is preparing to put a gálactico-style marker down. If he wins re-election as Real Madrid president this weekend, the plan is clear: launch a €150m (£130m) bid for Bayern Munich’s Michael Olise.

The election battle with Enrique Riquelme has already turned into an arms race of promises. Riquelme has tried to electrify the campaign by vowing to sign Erling Haaland, a pledge so bold it has drawn the threat of legal action from Manchester City. Pérez has answered with his own show of strength.

On Thursday, speaking to the Spanish media, the incumbent president teased Madridistas with the prospect of a huge offer for a superstar “next week”. He insisted he was not referring to Olise. Those close to the situation say otherwise. Inside the club, the Bayern winger is understood to be the chosen target for this summer.

There is admiration at the Bernabéu for Paris Saint-Germain midfielder Joao Neves, and his name remains on the list. Yet if Pérez secures another term, the expectation is that he will channel his energy and resources into prising Olise away from Germany.

It would be a statement move.

Olise, once a dazzling prospect at Crystal Palace, has exploded since his move to Bayern in 2024. In two seasons he has become the sharp edge of Vincent Kompany’s attack, driving the club to back-to-back Bundesliga titles and forcing his way into the conversation about the elite forwards in world football.

He is also poised to be a central figure for France at the World Cup, a global stage that could push his value and profile even higher. Madrid know they are not just buying talent; they are buying a headline act.

Bayern, though, have no intention of playing the willing seller. Olise is under contract until 2029, and the German champions are braced for a fight. When José Mourinho appeared in the stands to watch Bayern’s German Cup final win over Stuttgart last month, the message felt obvious: he was scouting his future star.

Mourinho’s own return to the Madrid dugout is set to be finalised if Pérez is re-elected, and his presence at that final only intensified the noise around Olise. Bayern’s response came swiftly. Uli Hoeness, the club’s honorary president, dismissed the idea of a sale in one blunt word: “unsellable.”

Madrid have heard that kind of language before. It has rarely stopped them.

After two seasons without a trophy, the club is gearing up for an aggressive summer rebuild. Deals are already in place for Ibrahima Konaté, arriving on a free transfer, and Netherlands defender Denzel Dumfries from Internazionale. Those moves add depth and steel.

Olise would add something else entirely: the kind of star power that defines an era at the Bernabéu.

If Pérez emerges from this weekend still in charge, the opening act of Madrid’s new project is ready. The question is whether Bayern, and their “unsellable” winger, are ready for the storm that follows.