Michael Olise to sign contract extension with Bayern Munich

Bayern Munich winger Michael Olise is set to sign a contract extension with the German club, despite long-term ambitions of joining Real Madrid. Reports indicate that Bayern has offered a deal valid until 2032 with an annual salary of 25 million euros, matching the terms of teammates Harry Kane and Jamal Musiala.

Olise reportedly seeks a release clause of 200 million euros to facilitate a future move to Real Madrid by 2028. While Bayern Munich is open to including a release clause, club officials are reportedly hesitant regarding the specific 200 million euro figure, fearing it is low enough for major European clubs to meet.

Uli Hoeness, Bayern Munich's honorary president, expressed confidence in the player's current situation, noting that Olise is under contract until 2029. Hoeness stated that the club intends to discuss a formal extension during the current season but remains unconcerned about the player's immediate future.