Olise was outstanding as Bayern beat Real Madrid 2-1 at the Bernabéu on Tuesday night, providing the assist for Harry Kane's goal and outshining both Vinícius Jr and Kylian Mbappé on the night. His display immediately intensified speculation over a summer move to the Spanish capital, with reports in Germany suggesting Real Madrid could table a bid of around €160-165 million.
Eberl's response, speaking to Sky Sport Germany, was brief and unambiguous.
"No, simply no."
He then explained the thinking behind the position.
"We have a long-term project. Michael feels very comfortable here. You can see how this team works, and when we play football like this, there is no chance for anyone."
The message extends to Liverpool as well. Olise has long been discussed as the ideal long-term successor to Mohamed Salah at Anfield, and reports have even suggested Liverpool considered bids of up to €200 million. Eberl has dismissed that route equally firmly — the club will not discuss a sale at any figure.
Olise joined Bayern from Crystal Palace in the summer of 2024 and has been extraordinary ever since. This season he has scored 16 goals and laid on 29 assists in 41 competitive appearances. He is contracted until 2029 and has no release clause in his deal.
Eberl also spoke about what makes Olise uniquely valuable — not just the numbers but the mentality.
"What is particularly interesting about him is that he is rarely satisfied with himself. If I come in after a match and, after three assists and two goals, ask: 'So Michael, how do you see yourself today?' he says: 'It was okay.' That describes him, and that is exactly what drives him."
Bayern won the first leg of the quarter-final 2-1 in Madrid. The second leg is at the Allianz Arena next week.
For now, Olise is going nowhere.