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Real Madrid have been highly active in the ongoing summer transfer window as they look to strengthen the squad available to manager Jose Mourinho.

One of the standout names on their radar is Bayern Munich star Michael Olise, for whom Los Blancos are reportedly preparing a record-breaking offer.

The Spanish club’s admiration for the French winger has not gone unnoticed in Germany. In response, Bayern Munich are said to be planning a firm countermeasure — a lucrative contract extension.

As reported by Mundo Deportivo, Bayern are aiming to prolong Olise’s current deal from 2029 to 2031. The German champions are determined not to lose a player Real Madrid view as a potential Galactico addition.

To underline their intent, Bayern are willing to offer Olise a salary of around €25 million per year, which would make him one of the team’s highest-paid players. This proposal demonstrates the seriousness of their effort to fend off Madrid’s interest.

Michael Olise remains Real Madrid’s dream acquisition, with reports suggesting that the club could be ready to table an offer in the region of €220 million.

Such a figure speaks volumes about Real Madrid president Florentino Perez’s ambition to bring in another elite attacking talent. However, Bayern’s firm stance indicates that prising Olise away from the Allianz Arena will not be easy.

From Madrid’s point of view, this kind of transfer represents a balance between ambition and practicality. Olise’s attributes — creativity, dribbling skill, quality in the final third, and composure under pressure — make him a perfect fit for the Santiago Bernabeu.

Nevertheless, Olise currently stands as Bayern’s marquee player alongside Harry Kane, and the club are expected to do everything possible to prevent his departure this summer.

Securing his signature would not only demand a massive financial outlay but also require Bayern to soften their stance and the player himself to be convinced of a move. Real Madrid would have to allocate a significant portion of their transfer budget to make it happen.

Bayern’s determination to retain Olise at any cost highlights his importance to the team’s future plans.

For Los Blancos, the situation calls for careful consideration. While monitoring the world’s best talents aligns with their long-term strategy, spending excessively on a single player could have major implications for the rest of their transfer plans.

Olise’s technical brilliance, composed left foot, and match-winning qualities perfectly embody the characteristics of a modern Galactico, making him an especially appealing target for Madrid supporters.

However, if Bayern succeed in finalising the proposed contract renewal, it would effectively end Madrid’s pursuit of the French winger — at least for this transfer window.

In the coming weeks, all eyes will be on how negotiations evolve and whether Real Madrid can realistically turn their admiration for Michael Olise into an actual signing.