Florentino Perez has never been shy when a galáctico opportunity appears. This summer, the Real Madrid president looks ready to loosen the purse strings again – and at the top of his wish list sits one of Europe’s form players: Bayern Munich winger Michael Olise.
This is not a gentle tune‑up of a winning squad. It looks and feels like a reset of key areas of the team, with money – serious money – on the table.
Olise the New Galáctico?
Perez is described as a huge admirer of Olise, who has rapidly turned himself into one of the standout performers on the continent in just his second season at Bayern.
Real Madrid are reportedly preparing a colossal bid to tempt the Frenchman to the Bernabéu, with a potential offer of around $184 million (€160 million). That figure is close to triple what Bayern paid Crystal Palace, underlining just how far Olise’s stock has risen.
At 24, he fits the profile of the modern Madrid superstar: young, decisive in the final third, and already proven at the highest level. For a club that has built its recent success on combining established stars with emerging elite talent, Olise would be a statement signing in every sense.
Right-Back Succession: Dalot Lined Up After Carvajal
Change is coming at the back as well. With long-serving captain Dani Carvajal expected to leave this summer, Real Madrid are already moving to secure his successor.
Manchester United’s Diogo Dalot has emerged as a leading candidate. The Portuguese international is viewed in Madrid as strong competition on the right flank, alongside Trent Alexander-Arnold, who arrived last summer.
A fee in the region of $34 million (€30 million) could be enough to prise Dalot away from Old Trafford, according to reports. For a club that has relied on Carvajal for so long, identifying and securing the next long-term option at right-back is a priority. Dalot, with his blend of defensive work and attacking delivery, fits the bill.
Chema Andres: The Academy Product on Madrid’s Radar Again
Not every move in this window will be about eye-watering transfer fees. Some business could be closer to home.
Stuttgart midfielder Chema Andres has caught the eye in the Bundesliga after joining from the Real Madrid academy. His performances have drawn interest from Newcastle United, who see the Spaniard as a potential addition to their midfield.
But there is a twist. Real Madrid hold a 50% buy-back clause, giving them first option to bring Andres back if they decide he fits into their future plans. For a club that has seen several academy products flourish elsewhere, the decision on whether to exercise that clause will be closely watched.
Enzo Fernández Tops Midfield Wishlist
In the middle of the pitch, Real Madrid appear to have identified their primary target.
Chelsea captain Enzo Fernández is said to be the No. 1 name on their list as they look to strengthen central midfield. The Argentine, still only 25, remains a major asset at Stamford Bridge, but the Premier League club are open to a sale.
Paris Saint-Germain are also interested, setting up the possibility of a heavyweight battle for his signature. For Madrid, Fernández would bring energy, range of passing and leadership – qualities that would complement an already talented midfield group.
A Summer of Big Decisions
From a potential record-breaking move for Olise to calculated bets on Dalot, Chema Andres and Enzo Fernández, Real Madrid are positioning themselves for one of the most consequential summers of the Perez era.
The money is there. The targets are clear. What remains to be seen is which of these names will actually walk out onto the Bernabéu turf in August – and how different this Real Madrid side will look when the dust settles on the window.
