Michael Olise valuation could make Bayern Munich star football’s most expensive transfer

Bayern Munich have reportedly placed a €300m valuation on Michael Olise, a figure that would make the France winger the most expensive player in football history if a club were to meet it.

The estimate, reported by Spanish newspaper AS in a story by journalist Jose Felix Diaz, comes amid growing interest in the 23-year-old and Bayern’s determination to retain one of the key players in their long-term sporting project. Other assessments suggest negotiations could begin at about €200m.

A transfer worth €300m would eclipse the current record by €78m. That mark was set by Neymar when he moved from Barcelona to Paris Saint-Germain for €222m in the summer of 2017.

Real Madrid monitoring Olise

Real Madrid are understood to be among the leading clubs following Olise’s situation. His performance against the Spanish club at Santiago Bernabeu made a strong impression on Madrid officials and increased their interest in the winger.

Reports have continued to link Real Madrid with a possible move for Olise next summer, although persuading Bayern to sell would be difficult. In June, Real Madrid issued an official statement denying any direct or indirect contact with Olise or his representatives over a transfer, while stressing its respect for the institutional relationship between the two clubs.

That statement has not stopped speculation that Real Madrid could return to the race, with reports continuing to suggest the club remains interested in signing him.

Bayern value despite contract uncertainty

According to AS, Bayern have sent mixed signals about Olise’s future in recent weeks as discussions over improved terms and an extension have failed to produce an agreement. His current contract runs until 30 June 2029.

Bayern honorary president Uli Hoeness said the club was not concerned by the situation.

“The right time to reach a new agreement will come. He still has two years left on his contract,” Hoeness said.

Bayern signed Olise from Crystal Palace in the summer of 2024 for €53m. His market value has risen sharply following his performances in Germany, prompting the striking contrast between the €53m Bayern paid and the €300m figure now being discussed for his departure.

Olise ranks fourth in the world in Transfermarkt’s valuation, at €180m. He is behind Lamine Yamal, Erling Haaland and Kylian Mbappe, and ahead of Jude Bellingham.

AS also reported that some European clubs have prepared separate assessments of Olise: one focused on his exceptional technical ability and another on his reserved personality and occasionally unusual manner.

Bayern sporting director Max Eberl, who played a leading role in bringing Olise to the club, has acknowledged that the player has a distinctive character. Eberl pointed to Olise’s time at several English academies and suggested the difficulties he experienced may have helped shape his personality.

Olise’s brief answers to DAZN after Bayern’s match against Bodo also attracted media attention, leading the German club to issue a public apology over the interview.

With Bayern demanding a substantial fee and Real Madrid continuing to monitor him, Olise’s future is set to be one of the major issues of the next transfer window.