Transfer rumour · archive

Michael Olise to Real Madrid

This move fell through. Last report: Fabrizio Romano, 12 October 2026.

As things stand, this is a story that has effectively fallen over. The talk was of Real Madrid moving for Michael Olise, with eye-watering figures of £170m to £229.5m floated, but the latest credible reporting points the other way: Bayern never intended to negotiate, Olise himself has shown no wish to leave, and the supposed Real Madrid interest was reportedly aimed at a different player entirely. He remains under contract until 2029. The sourcing here is strong but it cuts against the move, not for it. Florian Plettenberg, a well-regarded voice, explicitly states the link is dead. RMC Sport, highly reliable, frames Bayern's stance as a soft public denial with a private price north of €200m attached, but stresses there is no bid and no talks. ESPN FC, also dependable, reads the club's president declaring they 'will not listen to offers' as routine selling-club posture rather than a flat no. The engine is a longshot, and rightly. For this to revive, Real Madrid would need to actually want Olise, table a formal bid, and persuade both Bayern to soften their stance and the player to seek an exit. None of those are in place. A price threshold existing in private is not the same as a deal moving, and that is why the figure sits so low. There is precedent for Real Madrid spending big: they paid £108m to Dortmund in 2023 and £80m to Man Utd back in 2009. Olise himself only joined Bayern from Crystal Palace for £45m in 2024. Watch for an actual bid landing, or any sign Olise wants out. Without that, this stays dead.

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