The Croatian forward has stated that he will stay with the Bavarian giants at least until the summer when his contract runs out, with offers already on the table
The experienced Croatia international has endured an injury-plagued spell of late and has fallen down the pecking order at the Allianz arena.
Olic is out of contract in the summer and has attracted interest from teams in Germany, Italy and Spain, but it appears that any potential move will now have to wait until the summer.
"They [Bayern Munich] say they are relying on me and that selling me is not an option," the 32-year-old told Sportske Novosti.
"I had told them I'd wanted to go and had some great offers but they didn't want to discuss it. They even told me I would be punished if I continued to talk about leaving."
Olic joined the club in the summer of 2009 on a free transfer from Hamburg, scoring 12 goals in 43 Bundesliga appearances.
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