Bayern Munich plan lucrative contract extension for Michael Olise amid Real Madrid interest

Bayern Munich are reportedly prepared to significantly increase Michael Olise’s salary in a bid to tie him down to a new deal and fend off interest from Real Madrid.

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Michael Olise is coming off a sensational 2025/26 campaign with Bayern Munich, which saw him named Bundesliga Player of the Season after racking up 22 goals and 31 assists in 52 games in all competitions.

The Frenchman’s performances have put him on the radar of Real Madrid, but Bayern have made clear on numerous occasions that they have no interest in letting him leave.

Bild head of football Christian Falk now reports that, although Olise still has three years remaining on his current contract, Bayern are keen to extend it by a further two years until 2031 to secure his long-term future.

As part of the proposed extension, Bayern are willing to increase Olise’s wages from around €15 million to the region of €25 million to make him one of the club’s absolute top earners.

The 24-year-old is currently representing France at the World Cup and impressed with a Player of the Match-winning performance in his country’s 3-1 opening win over Senegal.