Bayern Munich, Real Madrid reach agreement to address Olise transfer rumors

Bayern Munich and Real Madrid have resolved recent transfer rumors involving player Michael Olise. Concerns arose when Real Madrid president Florentino Pérez hinted at a significant bid for Olise, prompting Bayern's president Herbert Hainer to respond publicly. To prevent further speculation, Hainer and Pérez engaged in private talks, reinforcing a mutual understanding known as a 'Presidential Pact.' This informal agreement commits both clubs to notify each other before pursuing players and to avoid media-driven bidding wars. The two presidents maintain a strong relationship, which includes cooperation in player matters. Olise is contracted with Bayern until 2029, ensuring the Bundesliga side retains control over his future.

• 6:00 AMYahoo Sports — 'Presidential Pact' between Bayern and Real Madrid helps defuse Olise rumours