Falk says Olise has not signalled a short-term renewal, while reports suggest people close to the player believe he may already have achieved targets that once appeared attainable in Munich, including Bundesliga and DFB-Pokal success.
The Champions League is viewed as a tougher challenge at Bayern, potentially creating an opening for a change of direction. That does not mean Olise has requested a transfer, but it explains why uncertainty is beginning to worry the club.
“Olise não fala muito, então você nunca sabe se os rumores são verdadeiros,” Falk said. The Frenchman’s quiet public profile makes the situation harder to read, leaving speculation to fill the gap.
Real Madrid is reportedly the destination most closely associated with Olise, with Falk saying rumours point to the Spanish club as a side the attacker may dream of joining. Liverpool has also been linked, and another report claims the English club made an enquiry.
Neither a transfer nor negotiations have been confirmed. Bayern, for now, retain significant control thanks to the player’s long-term contract.
Olise’s impact has made the issue more sensitive. After a standout campaign for the German champions, he also impressed internationally, strengthening the sense that Europe’s biggest clubs could eventually circle.
Falk’s warning is that uncertainty can become an on-pitch problem if a player loses satisfaction. If Olise remains unwilling to commit over the next year, Bayern could face a difficult choice between renewed efforts to keep him and protecting his market value.
The next storyline will be whether Olise changes his public stance - or whether Real Madrid and Liverpool turn reported interest into something more concrete.