As Bayern Munich look to strengthen their attacking options ahead of the 2025/26 season, the Bundesliga giants are now considering a high-profile move for AC Milan winger Rafael Leão — but only if their primary target, Nico Williams, proves too difficult to land.
The Bavarians have been actively pursuing Athletic Bilbao’s explosive winger Nico Williams in recent weeks, but negotiations are proving complicated. Sources close to the club confirm that Bayern are preparing contingency plans, and Leão has emerged as a serious alternative should the Williams deal collapse.
A Complicated Chase for Nico Williams
Nico Williams has become one of the most sought-after young wingers in Europe following a sensational season in La Liga and a string of impressive performances for Spain at international level. The 21-year-old speedster is admired for his quick feet, explosive pace, and creative flair — all attributes Bayern see as vital to their future front line.
However, the negotiations with Athletic Bilbao are not progressing as smoothly as Bayern had hoped. Although Williams has a reported release clause of around €58 million, the deal is being held up by complex image rights, agent fees, and salary expectations that are pushing the package closer to €80 million. Bayern are cautious not to repeat past mistakes of overpaying for potential, especially with Thomas Tuchel’s successor yet to settle into a rhythm at Säbener Straße.
Moreover, other European giants — including Barcelona, Chelsea, and Arsenal — are also monitoring Williams closely. Bayern’s concern is that they might find themselves in a bidding war that could delay their summer rebuild and leave them scrambling late into the transfer window.
Rafael Leão: A Proven Star with Champions League Pedigree
In contrast, Rafael Leão presents a different kind of profile: a proven Champions League-caliber attacker who has already carried a club like AC Milan deep into European competition. The 25-year-old Portuguese winger has long been on Bayern’s radar, and now with Milan reportedly open to discussing offers north of €90 million, the German club is weighing up a serious approach.
Leão has been the star of Milan’s attack over the past three seasons, combining pace, strength, and a powerful left foot. With 15 goals and 10 assists in all competitions last season, he remains one of the most complete wide forwards in Europe. His performances in Serie A and the Champions League have caught the eye of elite clubs, but Bayern believe that his skill set could translate perfectly into the Bundesliga.
From a tactical standpoint, Leão offers versatility. He can play as a left winger, a central forward, or even as a second striker. This flexibility would suit Bayern’s evolving tactical approach under their new head coach, Vincent Kompany, who values fluid front threes and intelligent pressing systems.
Financial and Sporting Considerations
While Leão would be a more expensive purchase than Williams, Bayern are reportedly prepared to stretch their budget for a marquee name who can deliver immediately. They’ve also cleared significant salary space with the departures of players like Thomas Müller (retired) and Serge Gnabry (who is expected to be sold), making room for a high-earner like Leão.
Moreover, with Harry Kane leading the line, Bayern see Leão as the ideal partner on the flank who can both create and finish — something the club has lacked since the peak days of Franck Ribéry and Arjen Robben.
However, signing Leão would not be without risk. He is under contract with Milan until 2028, meaning Bayern would need to offer a fee that justifies Milan parting with their biggest attacking star. There is also the question of adaptation: while talented, Leão has never played outside Italy and would need time to adjust to the Bundesliga’s tempo and physicality.
What’s Next?
For now, Bayern remain fully focused on trying to close a deal for Nico Williams. Negotiations with the player’s representatives are ongoing, and there remains hope that a breakthrough can be reached before the end of June. However, with the club determined not to be held hostage by demands or delays, the option of Rafael Leão is gaining traction behind the scenes.
Bayern sporting director Christoph Freund and CEO Jan-Christian Dreesen are said to be admirers of Leão and have maintained informal contact with his camp over the past year. If Williams proves out of reach, they are prepared to accelerate talks and potentially launch a formal bid in early July.
Whichever direction Bayern go, it’s clear the club is determined to reinforce its attacking power significantly. After losing the Bundesliga title for the first time in over a decade and enduring a turbulent managerial transition, the pressure is on to deliver a squad capable of reclaiming domestic dominance and competing for European glory.
Whether it’s the youthful explosiveness of Nico Williams or the seasoned brilliance of Rafael Leão, Bayern Munich’s summer window is shaping up to be one of t
heir most important in recent memory.
