Michael Olise’s future is being pulled in two directions. Real Madrid interest is still circulating, but Bayern München have maintained that he is not for sale and he is expected to hold talks with the club after the World Cup.

Bayern’s public line

The strongest public line came from Uli Hoeness, who said: "Mourinho can keep five eyes on Olise, but he won't get him."

That matches Bayern’s stance, and the club are also tied to the player until 2029. Romano added: "At the moment, Bayern insist they want to keep the player. So I think it's going to be difficult and complicated at this stage."

Bayern’s reported price tag makes the situation even harder. They would reportedly want at least €200 million to even consider a sale, which is a serious number even before Madrid’s own priorities enter the picture.

Why Madrid noise has not gone away

Romano was blunt about the other side of the story too: "Olise is the Galactico in Florentino Perez's mind. The Julian Alvarez story has never really been concrete. The player wanted by Florentino before, now, and in the next years, is Olise."

There is football logic behind the interest. Olise recorded five assists in seven World Cup appearances for France, and his 7.35 average rating points to a player who carried his level onto the international stage. That is the sort of output that keeps elite clubs circling, even when the selling club is trying to shut the door.

The decisive point is the timing. Olise is expected to speak to Bayern after the World Cup, and Madrid are said to be prepared to move if he expresses a desire to leave. Until that conversation happens, this remains a transfer story driven more by conflicting reports than by anything close to a done deal.

Written by Jack Mercer with AI-assisted research, cross-checked against 7 outlets. How we work →