Negotiations with the French player drag on, and fears begin to spread in the German club that he could go to another club – with Real Madrid and Liverpool lying in wait.
The 24-year-old Bayern Munich winger has not yet given an assurance that he will extend his contract that expires in 2029. “It’s a long time away, you probably think, but this is about big money that the Bundesliga giant wants to secure.
Transfermarkt values Michael Olise at 180 million euros, Bayern did not give notice of sale to everyone who asked, Paris Saint-Germain, Real Madrid and Liverpool were all on the line.
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The German club will know his decision before next summer, while he is being considered by Real Madrid and Liverpool for potential transfers.
Bayern are already preparing a proposal to extend his contract until 2032 and make Olise one of the highest-paid players in the squad. But there is a concrete obstacle: the player’s people want to introduce a buyout clause in the new contract.
Michael Olise asks for an exit route in his new contract
Michael Olise’s stance affects the negotiations that have not yet reached a final phase. According to reports from Germany, Bayern first want to resolve the renewal for Harry Kane before moving forward with the France international.
Olise’s current deal does not include a buyout clause – a significant difference, as he had an exit route at Crystal Palace that allowed Bayern Munich to sign him in 2024 for €53 million.
The German club does not automatically reject such conditions. Harry Kane and Jamal Musiala have similar mechanisms in their contracts, so discussions revolve around the amount and conditions to activate a future exit.
Sport Bild suggests that if the extension goes until 2032, a clause of over €200 million would not be an unreasonable figure. Bayern want to protect an asset that is currently valued at €170 million.
The performances justify the club’s prioritization. Michael Olise has started the 2026/27 Bundesliga with 4 goals and 1 assist in 4 games, maintaining his sporting weight in Vincent Kompany’s team.
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Real Madrid and Liverpool follow Olise’s situation
Real Madrid are among the clubs that are following the Frenchman’s contract development. While there is no bid or ongoing negotiations, the absence of a renewal deal keeps a potential transfer window open in the coming months. Liverpool and Real Madrid are competing for Olise’s signature.
This situation affects the planning of Real Madrid, led by Florentino Pérez. The club does not require an immediate decision as Olise’s contract runs until 2029, but a potential buyout clause could change future terms of a transfer.
Liverpool are also following the player. This competition puts pressure on negotiations in which Bayern want to avoid entering the summer of 2027 without clarity on the player’s intentions.
Bayern fear Olise could leave the club
Deadline for accepting the renewal
Max Eberl has set next summer as the point where Bayern hope to have clarity on the continuation. It is not about an immediate departure, but about establishing a deadline to determine whether a contract extension is feasible.
Michael Olise will have several months to define his position. If he agrees to renew, the clause will be a key point in the negotiations. If not, Real Madrid and Liverpool can reconsider with more information, and Florentino Pérez and the White club’s sporting management will know the real terms of a potential move.
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