Florentino Pérez is willing to spend more than 200 million euros to secure the signing of Michael Olise (23 years old) from Bayern Munich this summer. The president of Real Madrid has personally led the search for young talent, according to Spanish journalist José Félix Díaz.
This value exceeds the range of 160 to 165 million euros that had been mentioned in previous reports in Germany and Spain, and is in direct contrast to the biggest obstacle in this saga: Bayern's public insistence that Olise will not be sold at any price. As previously mentioned, Real Madrid's interest in Olise grew following his Champions League performances against Los Merengues, leading Pérez to indicate that he would be prepared to make the biggest transfer in the club's history, worth at least 150 million euros, to a Champions League club, which many interpreted as a reference to Bayern.
Bild described early reports of a €160m approach as an “absurd rumour”, while Christian Falk and CF Bayern Insider suggested Madrid were preparing an initial bid in the €160-165m range. Díaz's report now places the ceiling significantly above any previously released figure. The information is presented as a matter of direct involvement by the president, rather than a simple inquiry to the transfer department, which is significant.
Pérez had already signaled his transfer intentions before his re-election, with Olise understood to be the main target of attack in a wider strategy of galactic renewal. A value in excess of 200 million euros would represent a record for the club, and would come close to the world transfer record for a winger, which justifies the skepticism of German sources regarding previous estimates, as the numbers have evolved in a single direction since the story began to emerge.
Pérez's personal support is relevant to the way Real Madrid normally operates. By reporting that the president is directly involved in a specific signing, rather than delegating to the sports department, the club's negotiating stance tends to be more aggressive and less conditioned on the player's willingness to force an exit. The dynamics here will depend heavily on the position of Olise, who, according to current reports, shows no signs of pushing for an exit. Olise signed for Bayern in the summer of 2025 with a contract until 2029 and no release clause, a model that was precisely designed to prevent this type of approach from gaining easy support.
Sporting director Max Eberl told Sport Bild that they are not considering a sale, while CEO Jan-Christian Dreesen publicly reinforced the "non-transferable" label. Honorary president Uli Hoeneß stated, as reported by Fabrizio Romano and others, that Olise would not be sold "even for 200 million euros", arguing that maintaining a higher cash balance is not worth it if Bayern "plays worse football every Saturday because of it". With Hoeneß having essentially named the figure that Madrid is now willing to achieve, Bayern's public stance and the new report are now in direct conflict.
That doesn't make a deal impossible, as clubs often switch from a "non-transferable" stance to active negotiations when formal proposals arrive, but it does mean that Real Madrid would need to break through institutional resistance rather than simply overcome a reluctant seller. Pérez is operating in the context of a presidential election cycle that has amplified the galactic narrative surrounding this summer's affairs. Madrid have already made moves in relation to free agent arrivals, but Olise would represent a categorically different financial commitment – one that would consume a significant portion of any transfer budget and make other record spending in parallel extremely difficult.
It is unclear whether the €200 million-plus figure reflects a genuine starting position or Pérez's absolute ceiling, and that distinction is important for how Bayern's board would respond to any formal approach. The next significant development will be if Madrid move from the reported willingness to a formal written offer, and if that offer is enough to change Bayern's position from public resistance to private negotiation. Equally critical is Olise's position: current reports from Germany suggest he is comfortable in Munich and is not looking for a way out, meaning any deal would require Bayern to be persuaded by the value of the offer alone, rather than a player pushing for a move. Until one of these two conditions changes, this saga remains defined by rising figures on one side and institutional resistance on the other.