The former Crystal Palace midfielder has been outstanding for Bayern this season.
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Makelele told Sky Italia: "Olise, the best young Frenchman? We have a lot of quality young players. When I worked at Chelsea, he played at Crystal Palace.
"Premier League football is very tough, while German football gives him more time in one-on-one situations, and now he can focus better on his performances.
"Kompany helped him understand how good he is. I'm rooting for him; he's an incredible player, reminiscent of the young players at Barcelona: you might not see him for ten minutes, but then he hits you in transition."