Bayern Munich president Herbert Hainer insists the club will not listen to offers for Michael Olise this summer.
Olise enjoyed an impressive campaign with Bayern in 2025-26, helping Vincent Kompany's side complete a Bundesliga, DFB-Pokal double.
Olise ended the Bundesliga season with 34 goal involvements (15 goals, 19 assists), a new record for a winger since detailed Opta data collection began in the German top-flight 2004-05.
Only team-mate Harry Kane (41) directly contributed to more Bundesliga goals than Olise, who also scored five goals and provided seven assists in 13 Champions League games.
The Frenchman has been linked with a move to Real Madrid in recent days, following a comment made by Los Blancos president Florentino Perez.
Perez revealed the club would break their transfer record by spending €150m on a 'Galactico' player this summer if he won the election, which he did.
Reports then emerged suggesting Olise was the player Perez hinted towards, but Bayern have no interest in letting their winger go.
Hainer told Bild: "Michael Olise is a Bayern Munich player who still has a long-term contract - and we are not a club that sells players.
Never change, Michael pic.twitter.com/MmZ74mD8Ax
— FC Bayern (@FCBayernEN) June 7, 2026
"If Florentino Perez wants to send us an offer - which hasn't happened yet - he can save himself the trouble."
Since the start of 2024-25, Olise's 88 combined goals and assists (42 goals, 46 assists) are the third-most of any player from Europe's top five leagues, only behind Kane's 121 and Kylian Mbappe's 97.
In that same timeframe, Olise is the only player from Europe's top five leagues to register 40+ goals and 40+ assists in all competitions.
Olise's current deal with Bayern expires in June 2029, though the Bavarian giants may look to extend his deal following Madrid's interest.
The 24-year-old is currently away on international duty as he looks to help France win the 2026 World Cup this summer.