Real Madrid are prepared to offer between €100 million and €130 million, plus either Aurélien Tchouaméni or Eduardo Camavinga, for Bayern Munich winger Michael Olise, according to Defensa Central. The proposed deal would be structured as two separate transactions, allowing both clubs to independently account for the transfer under financial regulations.
Florentino Pérez is reportedly willing to invest over €200 million to secure Olise, and this structure is an attempt to make the transfer feasible despite previous rejections of large cash bids. If Tchouaméni is included, Madrid would value him at €100 million alongside a €100 million cash offer for Olise. Alternatively, including Camavinga, valued at approximately €70 million, would see the cash component rise to €130 million, maintaining a similar total package.
Bayern Munich have publicly maintained a firm stance against selling Olise, with president Herbert Hainer stating that any offer from Pérez would be unwelcome and board member Karl-Heinz Rummenigge labeling the player “unsellable.” This suggests a genuine reluctance to part with the 23-year-old, going beyond typical negotiating tactics.
Real Madrid previously denied making contact with Olise or his representatives, a statement that contrasts with the increasing detail of reported offers. The proposed deal structure is intended to address Bayern’s position, as the German club has previously shown interest in both Tchouaméni and Camavinga. Madrid hopes to leverage this existing interest to facilitate negotiations.
The potential departure of either midfielder carries internal implications for Madrid. Losing Tchouaméni, valued at €100 million, would be more impactful as he is a regular starter in the defensive midfield position. Offering Camavinga represents a more conservative approach, being less disruptive to the squad’s current structure, and requiring a smaller cash outlay. Olise enjoyed a prolific season with Bayern, scoring 25 goals and providing 27 assists, making him one of Europe’s most productive wide players.
Despite Madrid’s willingness to construct a complex deal, Bayern’s resistance to previous bids in the €160 million–€165 million range suggests the issue may be structural rather than price-related. The next step will be whether Madrid submit a formal offer, and if the two-transaction structure can initiate a conversation with Bayern’s leadership. Olise himself is not currently reported to be seeking a move, meaning any deal hinges on Bayern being persuaded by the financial package.
