Bayern Munich prepares massive wage boost for Michael Olise to 2031

Bayern Munich is reportedly preparing a contract extension for Michael Olise that would nearly double his wage and add a large signing bonus, aiming to keep him until 2031. Under the proposed deal, Michael Olise’s gross annual salary could rise to about €25 million, up from his current €13.5 million. Bayern is also said to offer a signing bonus of roughly €22 million. Olise joined Bayern from Crystal Palace only last summer. His existing contract runs through 2029, so the club does not need to rush. The extension would push the agreement to 2031 and place him among the highest-paid at Bayern. Bayern paid about €60 million (including add-ons) for Olise in July 2024. Reports from Bild and L’Equipe say Bayern wants to finalize the renewal by autumn 2026. The club has reportedly rejected all inquiries. PSG and Real Madrid have both shown interest, but Bayern is said to have told them Olise is “not for sale,” including even if offers exceed €200 million. Why Bayern is moving now: the near €22 million signing bonus is designed as “golden handcuffs”—a strong upfront incentive that can reduce a player’s motivation to seek a transfer and reset leverage in future release-clause discussions. Transfer market takeaway: retention deals may be getting as expensive as outright acquisitions, with Bayern potentially spending around €25 million per year in salary plus a €22 million bonus just to keep a player they already own.