BILD says Liverpool are stepping up the hunt for Olise.
Liverpool are ready to pay a whopping €200m to land the France international.
However, Real Madrid are also interested and could offer €165m for Olise. Manchester City are also monitoring Oliseh's situation at Bayern.
However, Jan-Christian Dreesen, CEO of Bayern Munich, is clear that Olise is not for sale.
"No matter which club tries to attract him, everyone who plays for FC Bayern knows what they have in FC Bayern," he said.
Sports director Max Eberl has no intention of listening to any offers.
"We don't waste a single thought on it. He is an FC Bayern player and has all the opportunities here that a top player could wish for. Michael has a contract with us until 2029, without a buyout clause - we are relaxed," he also stated.