Real and PSG are waiting in the wings: When will Bayern really have to worry about Olise?

In just over two years, Michael Olise has become one of FC Bayern’s most important players. The Frenchman is churning out goals and assists left and right and is now among the most valuable soccer players in the world. Interest from other top European clubs is correspondingly high.

In Munich, however, the 24-year-old is considered untouchable. In fact, Bayern would like to extend his contract—which runs through 2029—early. According to information from BILD, initial moves in this direction were made about a year ago.

Club officials would reportedly even be willing to elevate Olise to the ranks of the highest earners in the future. According to the report, should his contract be extended, the winger could reach the salary levels of Harry Kane and Jamal Musiala, earning around 25 million euros per year.

300 million euros for Olise “rather unlikely”

However, a quick agreement does not appear to be on the horizon yet. Olise has not yet made a decision regarding an early contract extension. At the same time, Real Madrid and Paris Saint-Germain, in particular, are repeatedly linked to the French international.

Recently, there has even been speculation about whether Olise could one day move for a transfer fee of up to 300 million euros. If so, the Bayern star would significantly surpass Neymar’s current transfer record. In 2017, PSG paid a total of 222 million euros for the Brazilian.

However, BILD considers such a scenario “rather unlikely.” A decisive factor is Olise’s current contract, which runs through 2029. The closer the end of the contract approaches, the more difficult it would be for Bayern to secure a transfer fee of that magnitude.

At the moment, however, there are no signs that the Munich club wants to sell its star forward. Quite the contrary: a long-term contract extension is a top priority at Säbener Straße.

The future of the Bayern superstar remains a topic of discussion

Michael Olise
Photo: IMAGO

In addition to the financial terms, Olise’s sporting prospects could ultimately determine his future. The Frenchman has already won the German championship twice with Bayern, and last season he added the DFB Cup to his list of achievements.

However, a major international triumph is still missing. Winning the Champions League is one of the key goals for both the club and Olise.

According to BILD, this could be a decisive factor in the long run. As long as Olise is convinced he can compete for the Champions League trophy with Bayern, the record champions have strong arguments for him to stay. Should he eventually lose sight of that prospect, a move to another top European club could become more appealing.

There is currently no immediate pressure on Bayern to sell. Olise is under contract through 2029 and has no buyout clause in his current deal. Nevertheless, club officials want to ensure planning certainty early on.

After all, the longer a contract extension is delayed, the greater the uncertainty surrounding Olise’s future is likely to become. Bayern’s most important argument in this matter isn’t found on the payroll: The club must show its superstar that he can consistently compete for and win the Champions League right here in Munich.

This article was translated into English by AI. You can read the original version here https://fcbinside.de/2026/10/07/real-und-psg-lauern-wann-bayern-bei-olise-wirklich-zittern-muss/.
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