Real Madrid Plans €150m Bid for Michael Olise Amid Pérez Election

Florentino Pérez is preparing to anchor his re-election campaign to a statement signing, with Real Madrid ready to launch a €150m (£130m) bid for Bayern Munich’s Michael Olise if he secures another term as president.

The vote takes place this weekend. Pérez is widely expected to see off challenger Enrique Riquelme, whose own headline promise – to bring Erling Haaland to the Bernabéu – has already drawn a threat of legal action from Manchester City over the use of the striker’s name in campaigning.

Both men have tried to turn the election into a referendum on ambition. Big names, big money, big gestures.

On Thursday, Pérez stepped in front of the Spanish media and teased Madridistas with the prospect of a huge offer for a “galáctico-level” player next week. He pushed back when Olise’s name surfaced, but the winger is understood to be the priority target if Pérez stays in power.

There is also admiration inside the club for Paris Saint-Germain midfielder Joao Neves, with senior figures tracking his situation closely. Yet the plan, if Pérez is reinstalled, is clear: go hard for Olise and build the summer around him.

The former Crystal Palace winger has exploded since his move to Germany in 2024. At Bayern, Olise has not just adapted; he has transformed into one of the most devastating wide forwards in Europe. He has driven Vincent Kompany’s side to back-to-back Bundesliga titles and forced his way into the conversation about the game’s elite attackers.

France expect him to be central to their World Cup campaign. Bayern already know he is central to theirs.

That is why the German champions are braced for a fight. Olise is under contract until 2029, a long-term deal that puts Bayern in a position of strength and allows them to resist even the most aggressive offers. Internally, they have made it clear they do not want to lose him; externally, the message has been even stronger.

When José Mourinho – whose return to the Madrid dugout will be finalised if Pérez wins – appeared in the stands for last month’s German Cup final, watching Bayern beat Stuttgart, it felt like a public scouting mission. A signal. Mourinho studying the man he hopes will become the new spearhead of his attack.

Bayern’s response came via Uli Hoeness. The club’s honorary president cut through the noise with one word: Olise is “unsellable.”

Madrid intend to test that resolve. A €150m bid would place Olise among the most expensive signings in football history and underline the club’s determination to reset after two barren seasons without a trophy. The sense inside the Bernabéu is that patience has run out; this summer must deliver a jolt.

Deals are already in motion. Madrid have arranged the free transfer of Ibrahima Konaté and agreed a move for Netherlands defender Denzel Dumfries from Internazionale, reshaping the spine and the flanks of a squad that has fallen short of its own standards.

But those moves feel like the undercard.

The main event, if Pérez gets his mandate, will be a full-scale pursuit of Michael Olise – and a looming showdown with Bayern over a winger they insist is going nowhere.