Real Madrid are preparing a €150 million bid to lure Bayern Munich winger Michael Olise to the Spanish capital — but the move hinges on one condition: Florentino Perez must first secure victory in the club's upcoming presidential election.

According to Transfer Talk, Perez has identified Olise as a priority target and is ready to back that ambition with a sizeable financial commitment should he retain the presidency at the Bernabéu.

Olise has established himself as one of Europe's most exciting wide forwards since completing his move to Bayern Munich, drawing admiration from clubs across the continent. At 23, the France international has the pace, creativity, and clinical edge that Madrid's recruitment team covets.

Real Madrid's reported interest signals their intent to reshape the squad's attacking options, with Olise's versatility making him an appealing option for any of Europe's elite clubs. A fee in the region of €150 million would rank among the most expensive transfers in football history.

Whether Perez can push the deal through depends entirely on the outcome of the election. Should he emerge victorious, sources indicate Madrid will move swiftly to open formal talks with Bayern Munich over a summer transfer.