Multiple sources today have confirmed that the race to sign Michael Olise is heating up, with Real Madrid reportedly submitting an official bid for the forward. The offer is being considered by Bayern Munich, but it remains to be seen whether it will be enough to tempt them into letting an important player leave. Real Madrid remain optimistic, but the deal is not without hurdles. Chelsea, Manchester City and Liverpool continue to monitor developments and could yet re-enter the race if negotiations stall or valuation gaps remain unresolved. Real Madrid have been strong going forward this season, with 54 goals scored in 25 games (2.16 per game). Michael Olise would give them depth and keep that attacking firepower going all season. Bayern Munich have also been linked with Ayyoub Bouaddi, Ismael Saibari and Nathaniel Brown while Real Madrid are reportedly monitoring Alessandro Bastoni, Ruben Dias and Julian Alvarez. Can't get enough Real Madrid transfer rumours? Follow @PlayerSwitchCom on Twitter for the latest transfer news as it happens.