Real Madrid to launch €150m bid for Michael Olise if Florentino Pérez re-elected

• Bayern midfielder to be No 1 target in summer window

• Olise was watched by potential new manager Mourinho

Real Madrid will launch a €150m (£130m) bid for Bayern Munich’s Michael Olise if Florentino Pérez wins re-election as the club’s president.

The election is being held this weekend and Pérez is expected to beat his rival candidate Enrique Riquelme, whose promise to sign Erling Haaland has prompted a threat of legal action from Manchester City.