Michael Olise is set to sign a contract extension with Bayern Munich, reportedly worth €25 million per year, to ward off interest from Real Madrid and Liverpool. The news comes after a strong showing for the winger with the French national team, increasing his profile on the international stage. While Olise joined Crystal Palace in the summer of 2024 for a fee of £51 million, he has quickly become a key component of Bayern’s attacking plans.
According to reports in the Mirror, Bayern are prepared to offer Olise a new five-year deal, significantly increasing his current salary. The proposed contract would see the 24-year-old earn a gross annual salary of €25 million, exceeding any potential offer from Real Madrid. This proactive move by the Bundesliga champions aims to secure Olise’s long-term future at the Allianz Arena.
Real Madrid have been linked with a substantial bid for Olise, with Spanish sources claiming that president Florentino Perez is prepared to offer €220 million for his services. However, Bayern Munich appear resolute in their determination to retain the player. Club president Herbert Hainer recently stated that Bayern are not a club that sells its players, and that any offer from Perez would be unwelcome.
Olise’s current contract with Bayern already runs until 2029, providing the club with a degree of security, but the new deal will further solidify his commitment. The increased salary reflects Olise’s growing importance to the team and Bayern’s ambition to compete at the highest level. This contract extension signals Bayern’s intent to build around Olise for years to come, strengthening their attacking options and potentially cementing their dominance in German football.
This move effectively ends speculation surrounding a potential move to La Liga, and demonstrates Bayern’s financial power and commitment to retaining their key assets. Securing Olise’s future provides stability and allows the club to focus on other transfer targets as they look to maintain their competitive edge.
