Olise has enjoyed a stellar rise since joining Bayern from Crystal Palace in the summer of 2024 for a fee of €53m. The 24-year-old attacker established himself as one of Europe's most productive players last season, registering 22 goals and 29 assists across all competitions to help the club retain the Bundesliga title.

The France international has maintained his exceptional form into the 2026-27 campaign under manager Vincent Kompany, contributing 12 goals and seven assists in 15 appearances. His performances on the right flank, cutting inside onto his favoured left foot, have made him a fundamental component of the team's tactical setup.

Despite the reported valuation not being an official release clause or an indication that Bayern are actively seeking a sale, it highlights the immense financial barrier facing any potential buyer. Real Madrid have frequently been linked with the former Reading and Crystal Palace player, particularly following his impressive displays in the Champions League.

However, sources indicate that Real Madrid are not currently engaged in active discussions regarding a transfer. The emergence of other attacking options at the Santiago Bernabeu has also altered the Spanish club's immediate priorities in the transfer market, making a move of that magnitude unlikely at present.

Olise remains under contract at the Allianz Arena until June 2029, placing the German giants in a commanding negotiating position. Bayern are keen to secure his long-term future and have reportedly explored extending his agreement until 2032 with a significant salary increase, though discussions are ongoing.

Discussions over a new contract have involved talks regarding a potential release clause, with figures around £170m previously mentioned by the player's representatives. Bayern's newly reported valuation, however, far exceeds those figures and underlines their determination to retain their prized asset.

Honorary president Uli Hoeness recently played down any concerns regarding the contract negotiations, noting that sufficient time remains with two and a half years left on the current deal. Sporting director Christoph Freund echoed those sentiments, praising the winger's continued development and expressing satisfaction with his contributions.

Real Madrid face a daunting challenge should they choose to formalise their interest when the transfer window reopens. Bayern Munich prepare for their upcoming domestic fixtures with their star winger firmly tied to the club and no inclination to entertain cut-price bids.