Chelsea activate £35m release clause for Michael Olise of Crystal Palace

As per David Ornstein of The Athletic, Chelsea have activated a £35m release clause in Michael Olise’s contract at Crystal Palace.

The Blues have fought off interest from the likes of Manchester City and Paris-Saint-Germain for the 21-year-old, and they now expect to complete the transfer in the coming days- with Fabrizio Romano reporting that Olise has already ‘said yes’ to Mauricio Pochettino’s side.

Having previously spent seven years in Chelsea’s academy up until 2016, the Frenchman moved to The Eagles for just over €9m from Reading in July 2021 following an impressive few seasons in the Championship. In his two years in the Selhurst Park, Olise has impressed with his excellent set piece taking, trickery, and creativity from the right-wing- especially in the most recent campaign, where he accumulated two goals and 11 assists in 31 starts- becoming the first ever Palace player to make over 10 assists in a Premier League season.

These performances, which earnt him Palace’s 2022/23 player of the season, secured him a place in the France squad for the Under-21 European Championship this summer, however, the winger suffered a torn hamstring during the tournament and has subsequently been side-lined- with a return to football not expected until the end of September.

If the deal were to be completed, it would take Chelsea’s transfer spent to just over £300m this summer, as Olise joins the raft of names that have arrived at Stamford Bridge over the past few weeks, such as Lesley Ugochukwu, Christopher Nkunku, Robert Sánchez, and Axel Disasi.

Meanwhile, talented midfielder Moisés Caicedo has made the move to London from Brighton for a British record £115m fee, whilst Southampton’s Roméo Lavia is expected to sign for £50m, after rejecting a move to Liverpool in favour of one to Chelsea.

Travis Levison | Get Football

More European Football News