TEAMtalk reported that Real Madrid are interested in Wanner. The source also stated that the Austria international could leave Eindhoven this coming winter.

According to Polish outlet Sportowy, Real Madrid are monitoring Paul Wanner as a possible long-term signing. It is claimed that PSV Eindhoven want Paul Wanner to stay but would not rule out talks in the event of a very advantageous offer. The Dutch club are reported to value Wanner at approximately €45-50m (£38.5m-£42.85m), and a final deal may also be contingent on achievement bonuses and provisions for his future sale.

PSV Eindhoven's German and Austrian midfielder Paul Wanner is reportedly a target for Real Madrid. Several other clubs are also interested in the 20-year-old. Manchester City has been mentioned as a potential destination and Bayern Munich is monitoring his situation. Liverpool has also been linked with the player, and they are monitoring him and gathering reports on his development. PSV reportedly values the midfielder at €50 million. Wanner joined PSV in August 2025 and is under contract until June 2030. According to Transfermarkt, his current market value is €22.00m. He has 7 caps for Austria and has provided 1 assist in 5 Eredivisie appearances during the 2025/2026 season.