Real Madrid issued an official statement Saturday denying any direct or indirect contact with Bayern Munich winger Michael Olise [1], [2], [5].

The denial comes amid intense speculation regarding the future of the 24-year-old player [4], who is currently under contract with the German club until 2029 [5]. Because Olise is one of Europe's most sought-after talents, reports of a move to the Spanish capital suggest a significant shift in the transfer market's financial landscape.

In the statement, the club addressed rumors that they were preparing a massive offer to bring the winger to Madrid. "We have not had any direct or indirect contact with Michael Olise, his representatives, or individuals in his circle," Real Madrid said [1].

The club specifically targeted reports regarding the financial scale of the rumored transfer. "The reports of a bid exceeding €200 million are unfounded," Real Madrid said [1].

These denials contrast with reporting from other media outlets. Jacob Steinberg of The Telegraph reported that Real Madrid were ready to make a massive offer for the player [1]. Such reports had fueled a narrative that the club was willing to spend more than €200 million (£173 million) to secure the winger [4].

Real Madrid released the statement in Madrid, Spain, to stop the mounting speculation [2], [5]. The move is intended to clarify the club's position while Olise remains a key part of the squad in Munich, Germany [2].

"The reports of a bid exceeding €200 million are unfounded."

This official denial serves as a strategic move by Real Madrid to maintain a positive relationship with Bayern Munich and avoid potential sanctions for tapping up a player. By explicitly rejecting the €200 million figure, the club is attempting to distance itself from market inflation rumors that could complicate future negotiations or alienate the player's current employer.