The latest transfer talk surrounding Real Madrid includes a new link to teenage winger Gabriel Rajkovic. An analysis of the past seven days shows the club has been tied to 10 possible arrivals and 6 potential exits, with the hottest storyline currently revolving around Michael Olise. Below are the latest updates on the most important transfer rumours.
Gabriel Rajkovic
On Saturday, it was reported that Real Madrid is one of several major European clubs to have scouted 15-year-old Valerenga winger Gabriel Rajkovic. Barcelona, Bayern Munich, and Borussia Dortmund have also watched the Norwegian and Serbian youngster, whose contract with the Norwegian club runs until the end of 2028. Rajković has been capped by Norway at the U16 level, scoring once in two appearances, and in the current 2025/2026 Eliteserien season, he has scored two goals and provided one assist in 12 appearances.
Paul Wanner
PSV Eindhoven's German and Austrian midfielder Paul Wanner is reportedly a target for Real Madrid, according to news from Friday. Several other clubs are also said to be interested in the 20-year-old, with Manchester City mentioned as a potential destination and Bayern Munich monitoring his situation. Liverpool has also been linked with the player and is monitoring him and gathering reports on his development. PSV reportedly values the midfielder at €50 million. Wanner, who joined PSV in August 2025 and is under contract until June 2030, has a current market value of €22.00m, according to Transfermarkt. He has 7 caps for Austria and has provided 1 assist in 5 Eredivisie appearances during the 2025/2026 season.
Erling Haaland
According to José Félix Díaz on Friday, Real Madrid plans to sign Manchester City striker Erling Haaland next summer. The report adds that people close to Haaland insist a release clause could facilitate a move, but City have denied that such a mechanism exists.
Arda Güler
On Thursday, Spanish outlet Fichajes reported that Chelsea executives are preparing an ambitious €100m January transfer window move for Real Madrid attacking midfielder Arda Güler. The report states that Chelsea are preparing to begin talks in November with the objective of completing a deal for Güler by January 1st. There has been no indication that Güler will be leaving the Bernabeu.
Alexis Mac Allister
Liverpool midfielder Alexis Mac Allister, who is in the final two years of his contract, revealed on Thursday that he was sad the club had not offered him a new contract extension. This came after deals were given to his fellow midfield partners, Dominik Szoboszlai and Ryan Gravenberch. Mac Allister also revealed his frustrations and that he had opportunities to leave Anfield in the summer, but made it clear that he was still firmly committed to the club until the final day of his contract, regardless of the decision that is made about his future.
Harry Kane
On Friday, Harry Kane stated that contract talks are progressing positively and that he hopes they will reach their desired outcome in the next one or two months. The Bayern Munich striker also said that he is currently content and is calm, adding that all he and the club want him to do is to concentrate on playing, score goals, and help the team.
Michael Olise
The latest update on Michael Olise came on Wednesday, when Christian Falk relayed to CF Bayern Insider that Bayern Munich director Max Eberl stated there is no sum of money the club would need to consider for the winger. Eberl also hinted that a decision from Olise on signing a new contract could be important, emphasizing that he has a three-year contract without a release clause and that Bayern should know by next summer whether he is leaning towards an extension.
For all the latest news, check out the Real Madrid club page.
