Real Madrid and Bayern Munich have both issued firm denials of any transfer interest or contact regarding Michael Olise, with the Spanish club emphasizing its strong institutional relationship with Bayern and confirming zero outreach. Bayern’s CEO has publicly stated the winger will remain, rejecting all speculation amid Olise’s long-term contract through 2029. Recent summer 2026 rumors of a €200M+ deal surfaced after the player’s standout form and reported preference for Madrid, yet both clubs quickly distanced themselves, with Madrid requiring a public push from Olise and Bayern’s explicit willingness to sell—neither of which has materialized. This combination of official statements, contractual stability, and club loyalty underpins the near-certain trader consensus against a move. A dramatic late-window change would require Bayern facing unexpected financial pressure or Olise forcing an exit through repeated public statements, though neither scenario appears imminent.