Pérez ready to break Real Madrid's transfer record with €200m-plus bid for Olise

Real Madrid president Florentino Pérez is prepared to spend more than €200m to sign Michael Olise from Bayern Munich this summer, with Spanish journalist Jose Felix Diaz reporting that Pérez is personally leading the pursuit rather than delegating to the club’s sporting department. The figure eclipses the €160–165m range that had previously circulated in German and Spanish media, and it arrives squarely against Bayern’s most consistent public stance: that Olise is not for sale at any price.

Madrid’s interest in the 23-year-old French winger intensified after his Champions League performances against Los Blancos, prompting Pérez to signal he was willing to pay at least €150m — widely interpreted as a reference to Bayern — for a marquee attacking signing. German outlet Bild had dismissed early reports of a €160m approach as an “absurd wild rumour,” while journalist Christian Falk and CF Bayern Insider later suggested Madrid were preparing an opening offer in the €160–165m band. Diaz’s latest report places the ceiling meaningfully above any figure previously in the public domain.

A fee exceeding €200m would represent a club record for Real Madrid by a significant margin and would approach the all-time world record for a winger, which helps explain why German sources have consistently treated the escalating estimates with scepticism.

The framing of direct presidential involvement carries its own weight in how Madrid typically operate. When Pérez is personally invested in a specific signing, the club’s negotiating posture tends to be more aggressive and less contingent on a player agitating for a move. On that front, there is currently no public indication that Olise himself is pushing for an exit.

Bayern’s position remains the central obstacle. Olise joined the Bundesliga club in summer 2025 on a contract running until 2029 with no release clause — a structure designed to insulate him from exactly this kind of approach. Sporting director Max Eberl told Sport Bild the club was “not giving that a second thought” when asked about a sale, while CEO Jan-Christian Dreesen has publicly reinforced the unsellable label. Most pointedly, honorary president Uli Hoeneß — as relayed by Fabrizio Romano — stated that Olise would not be sold “not even for €200 million,” arguing that sitting on a larger cash balance is worthless if Bayern perform worse as a result.

With every new figure that enters the public domain, the gap between Madrid’s willingness to spend and Bayern’s willingness to engage has narrowed in monetary terms but shown no sign of closing in practical ones. Whether Pérez’s personal involvement changes that calculus remains to be seen.