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Bayern Munich ‘unlikely to pursue’ Nicolas Jackson transfer — report

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Wednesday, February 18, 2026

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STUTTGART, GERMANY - DECEMBER 6: Nicolas Jackson of FC Bayern München reacts during the Bundesliga match between VfB Stuttgart and FC Bayern München at MHPArena on December 6, 2025 in Stuttgart, Germany. (Photo by EyesWideOpen/Getty Images) | Getty Images With much fanfare and even bigger drama, ...

STUTTGART, GERMANY - DECEMBER 6: Nicolas Jackson of FC Bayern München reacts during the Bundesliga match between VfB Stuttgart and FC Bayern München at MHPArena on December 6, 2025 in Stuttgart, Germany. (Photo by EyesWideOpen/Getty Images) | Getty Images

With much fanfare and even bigger drama, Nicolas Jackson joined Bayern Munich on loan in the summer, with Bayern paying around €15m just in loan fees and also negotiating an additional €65m clause to make his signing permanent. Pretty good wheeling and dealing by Chelsea, no?

Alas, that clause soon turned out to be a conditional one, predicated on Jackson essentially unseating Harry Kane as their number one striker. (The exact conditions remain unconfirmed, but are understood to be around 40 appearances of at least 45 minutes each, across all competitions. Jackson’s currently on eight (8) such appearances, from 22 all told, with five goals scored.)

So unless something drastically changes, Bayern will not trigger their obligation. And according to The Times, they are also “unlikely to pursue a separate permanent deal”, even if Chelsea would presumably be open to one. While Jackson’s departure was said to have a lot to do with former head coach Enzo Maresca’s preferences, we all know that it’s the sporting directors calling the shots at the end of the day (who also decided to sign João Pedro and Liam Delap after all).

Jackson’s said to also be keeping his options open, obviously, so I suppose there is a non-zero chance that we see him in Chelsea Blue once again — even with Emmanuel Emegha already set to join from RC Strasbourg.

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