Olise was one of Bayern's standout performers during the 2025/26 campaign, scoring 22 goals and providing 31 assists in 52 appearances across all competitions. His outstanding form earned him the Bundesliga Player of the Season award and strengthened his reputation as one of Europe's most influential attacking players.
His performances have reportedly caught the attention of Real Madrid, but Bayern have made it clear they have no intention of parting with the 24-year-old.
According to reports in Germany, Bayern are now preparing a new contract that would extend Olise's stay at the club until 2031. Although his current deal still has three years remaining, the Bundesliga champions are keen to remove any uncertainty surrounding his future.
The proposed agreement would also see Olise receive a significant salary increase. Bayern are reportedly willing to raise his annual earnings from around 15 million euros to approximately 25 million euros, placing him among the club's highest-paid players.
The move highlights how highly Bayern value the former Crystal Palace star, who has become a key figure in the team's attack since arriving in Germany.
Olise is currently on international duty with France at the 2026 FIFA World Cup and has already made a strong impression. He was named Player of the Match after helping France open their tournament with a 3-1 victory over Senegal.