Bayern Munich News: Amid Real Madrid, Liverpool interest, how much will it cost to extend Michael Olise’s contract?

Bayern Munich are preparing to reward Michael Olise with a lucrative new deal in an effort to fend off mounting interest from Real Madrid and Liverpool, sources have confirmed. The 24-year-old winger, who only arrived from Crystal Palace last summer, is already under contract until 2029, but the Bavarian giants now want to extend that agreement by an additional two seasons through 2031.

Olise’s current terms see him earn a base salary of €13.51 million plus €3.38 million in bonuses for a total annual package of €16.89 million, according to salary-tracking site Capology. With Europe’s elite circling, Bayern executives understand that a sizeable raise will be required to convince the France youth international to commit his long-term future to the club. Estimates within the club suggest a total financial package worth around €22 million per year could be necessary to get the extension over the line.

Real Madrid have emerged as the latest suitors, aiming to scupper any hopes Liverpool harbour of striking a deal for Olise at the end of the season. Spanish sources indicate that Los Blancos have already sounded out intermediaries over a potential summer swoop, while Liverpool’s recruitment staff have tracked the player since his days in south London. Aware of the escalating interest, Vincent Kompany’s side have prioritised securing Olise’s signature on fresh terms when the transfer window opens.

Despite the speculation, no formal offers have yet been submitted, allowing Bayern to retain control of the situation for now. Negotiations are expected to accelerate once the club finalise their budget for next season, with sporting directors keen to avoid another high-profile departure similar to those that have punctuated recent windows.

Elsewhere, Chelsea and Tottenham Hotspur are monitoring Hoffenheim striker Fisnik Asllani, though Bayern have also registered their admiration for the 23-year-old, who has eight goals and five assists in 25 Bundesliga appearances this term. Any move for Asllani would be independent of Olise’s contract talks, but it underlines the club’s desire to continue investing in emerging talent.

For the moment, however, the focus remains squarely on Olise. Bayern know that the numbers involved will be steep, yet the cost of losing him to a European rival could prove even greater.