Paul-Max Walther (born March 6, 1987) is a German footballer who plays as a forward for Budissa Bautzen.
Walther began his career with Hansa Rostock, where he played for the youth and reserve team before leaving for amateur side SG Warnow Papendorf in 2007. Half a season later he signed for Dynamo Dresden, where he spent four seasons in the reserve team, and as a fringe player for the first team. He two appearances in the 3. Liga, his debut coming as a substitute for Maik Kegel in a 1–0 defeat to Holstein Kiel in May 2010. In July 2011, Walther left Dynamo Dresden to sign for VFC Plauen, and a year later he signed for Budissa Bautzen.