I looked this up recently, as part of my own interest in cultivating edible mycorrhizas more generally (although whether the morel is a true mycorrhiza is a little more complicated).
There has been some success cultivating morels commercially, but the methods seem to be under patent, and replication has been tricky.
You need to know about the morel life cycle, which is even more complicated than that of many other fungi. The thing about propagating morels is that they form
sclerotia, structures that allow morels to survive adverse conditions. In the spring, these sclerotia form either new mycelia or fungal fruiting structures. Mycelia form readily; the difficulty lies in being able to force sclerotia to develop fruiting bodies instead.
I have not yet given up, but this article gives you some idea of the problems you're likely to face (it doesn't just talk about truffles):
https://www.uky.edu/Ag/CCD/introsheets/truffles.pdf
Hopefully Peter has better advice.