Overview
- Real Madrid issued an official denial of any direct or indirect contact with Michael Olise and his representatives on Saturday, saying it has not held talks and stressing its institutional ties with Bayern Munich.
- Bayern leaders have publicly said they will not sell Olise and are preparing a new contract offer to keep him, a position repeated by club figures and reported by multiple journalists.
- Spanish reports describe an internal Madrid plan to assemble a roughly €200 million package by combining €100m–€130m cash with either Aurélien Tchouaméni or Eduardo Camavinga, but that proposal has not been formally presented to Bayern.
- Olise’s long contract with Bayern through 2029–2030 and his strong 2025/26 season give Bayern clear negotiating leverage and make a transfer costly and unlikely without Bayern’s consent.
- The chase is effectively stalled for now and will only move if Madrid makes a formal written offer or if Bayern change course by opening negotiations or failing to renew the player’s deal.