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Bayern Munich set to sign winger Michael Olise from Palace
Bayern Munich are set to sign Michael Olise after the Crystal Palace winger decided to join the Bundesliga giants.
Earlier this month, Bayern, Chelsea, and Newcastle all expressed their interest in the 22-year-old.
Negotiations for Olise were expected to be complex due to his release clause, which is reportedly around £60 million, with portions of any transfer fee owed to Crystal Palace, the player himself, and his former club Reading.
Chelsea had concerns about the overall cost of the deal. Last summer, they attempted to sign the France Under-21 international for approximately £35 million, believing they had activated his release clause, but the move was unsuccessful.
Olise subsequently signed a new four-year contract with Crystal Palace, extending his stay until 2027. He has been selected for the France squad for the Paris Olympics, which begin in July.
Last season, Olise scored 10 goals in 19 appearances for Palace, despite missing several games due to a hamstring injury. Manchester United had also shown interest in Olise but are currently focusing on targets in other positions.
🚨🔴 Bayern have informed Crystal Palace already yesterday about formal process to trigger the release clause for Michael Olise.
◉ £45m fixed fee for Crystal Palace.
◉ £5m in add-ons also part of deal.Personal terms agreed yesterday over five year deal.
Here we go! ⭐️🇫🇷 pic.twitter.com/BmZ6gNUgWu
— Fabrizio Romano (@FabrizioRomano) June 22, 2024
In addition, Michael Olise will have to follow a strict rule when he signs for Bayern Munich.