Olise, 24, joined Bayern from Crystal Palace in the summer of 2024 for a fee of around €70 million and signed a contract running until 2029.
His first two years in Germany have transformed him into one of Bayern’s most important attacking players. His form has also attracted interest from some of Europe’s biggest clubs, with Liverpool and Real Madrid both monitoring his situation.
Bayern were determined to keep Olise during the summer despite that interest and made it clear that he was not available for transfer.
The winger currently has no release clause in his contract, but that could change if negotiations over an extension progress.
According to Sport Bild, Bayern Munich are expected to begin discussions with Olise and his representative, Glen Tweneboah, in the near future.
The club are prepared to make Olise one of their highest-paid players as they attempt to secure his long-term future. Bayern want to place him in the same salary bracket as Jamal Musiala and Harry Kane.
The proposal would reflect the importance Olise has assumed since his arrival from Palace.
However, the player's representatives have yet to indicate whether he is prepared to sign a new agreement.
The central issue is reportedly the inclusion of a release clause.
Olise’s camp wants any new contract to contain a mechanism that would allow the player to leave if a future club meets an agreed valuation. Bayern have so far retained complete control over his future through his existing contract, which expires in 2029.
The reported figure being discussed for such a clause is more than €200 million.
That would give Bayern substantial protection while also giving Olise a defined route out of the club should a major offer arrive in the future.
The demand reflects the leverage Olise has developed since moving to Munich. He was already attracting attention from Liverpool and Real Madrid during the summer, while his performances for Bayern have only strengthened his position in the European market.
Bayern’s desire to extend the agreement is therefore not simply about lengthening a contract that still has three years to run. The club are looking to align Olise’s salary with their most highly valued players and secure greater certainty over his future.
For Olise’s representatives, however, a new deal without an exit mechanism would leave the player entirely dependent on Bayern’s willingness to negotiate a future transfer.
The coming negotiations will therefore centre on whether the two sides can find an agreement that satisfies both objectives.
Bayern want to keep one of their most important attacking players beyond 2029. Olise’s camp, meanwhile, wants the security of knowing that a future move remains possible.