The Frenchman has played 107 times for the Bundesliga champions, scoring 42 goals and laying on 54 assists as he continues to tear up the German first division.
At 24 years old he starred at the World Cup as France reached the semi-finals and now as he returns to Germany, reports have linked him with a move to La Liga.
According to the Daily Mail and L'Equipe, Olise is very keen on a move to Los Blancos and believes that this is the perfect time in his career to make the switch as he prepares to turn 25.
However, despite such reports, Sky Sports reported that Olise has handed in no transfer request to the Bayern board and is fully committed to the side ahead of the new season.
The former Crystal Palace star’s contract runs for another 3 years and as reports are mixed on his future, he will be thinking about where he wants to be as the summer transfer window remains open.
The Standard also report that the German champions insist that Olise is not for sale, and would like to offer him a new contract over the coming months as fans await updates.