Real Madrid are closely monitoring Michael Olise’s situation at Bayern Munich, with Florentino Perez set to follow developments involving the France international ahead of next summer’s transfer window.

Olise had been heavily linked with a move to the Santiago Bernabeu during the summer, but Bayern made it clear at the time that the winger was not for sale.

That stance effectively brought Real Madrid’s pursuit to a halt then, although the picture could look different next year.

A new report claims that Perez and sporting director Jose Angel Sanchez will keep a close watch on Olise’s status after remarks from Bayern CEO Jan-Christian Dreesen cast some doubt over the player’s long-term future in Munich.

Since his arrival, Bayern have consistently portrayed Olise as a key part of their project, and Dreesen again underlined how highly the club rates the winger.

Bayern Munich have run into a complication over Olise’s contract renewal.

At the same time, however, the German executive did not go as far as giving any assurance that Olise will stay at the club indefinitely.

“In this business, making promises is tricky. Will we be able to keep him permanently? We’ll talk about it again next summer.

“It was nonsense to say we had dozens of offers on the table this summer. We didn’t have any.

“Olise is very important to this team. He’s a magician on the pitch.”

Those comments do not confirm that Bayern are ready to sell Olise, but they do indicate that conversations over his future could become more significant once the current season ends.

Real Madrid continue to keep tabs on Michael Olise.

Olise’s profile matches the kind of attacking talent that attracted Madrid’s interest throughout the summer.

However, Los Blancos could not make any headway because Bayern’s position was firm. If that changes, Perez and Sanchez are expected to be among those following the situation closely.

Finally, it is worth remembering that Real Madrid have already made a huge investment in Yan Diomande, who has become the most expensive signing in the club’s history.

So the question still stands: is Olise worth going after?

If the answer is yes, any future move for the Frenchman could potentially go beyond Diomande’s fee, especially given Olise’s standing as a player Madrid have admired for quite some time.