Chelsea target Michael Olise has signed a new four-year contract with the club, according to Crystal Palace chairman Steve Parish.
According to the PA news agency, Chelsea had agreed to pay the £35m release clause of the France Under-21 winger, but it now looks like he has committed his future to Palace.
Parish tweeted on Thursday: “I’m absolutely delighted to announce @m.olise has decided to commit his future to Crystal Palace and this afternoon signed a new four-year deal with the club.”
The 21-year-old, who can play either as an attacking midfielder or out wide, is currently out with a hamstring injury and is unlikely to be fit before September.
Olise has appeared 63 times in the Premier League for Palace since signing from Reading in 2021 and played an influential role last season in the absence of Wilfried Zaha, who spent part of the campaign injured.
“It’s Olise who decided to sign new deal with us — and I must congratulate Steve Parish and Dougie Freedman on a fantastic job”.
Roy Hodgson confirms agreement on new four year deal for Michael Olise as Crystal Palace 🔵🔴 #CPFC
Chelsea deal, officially collapsed. pic.twitter.com/B5K6IcPUWP
— Fabrizio Romano (@FabrizioRomano) August 17, 2023
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Chelsea, who broke the British transfer record for the second time in eight months with the signing of Brighton’s Moises Caicedo for a possible £115m on Monday, had hoped to make Olise their latest recruit in a deal that would have pushed their net summer spend to £175m.
PA understands the Blues have agreed an initial £53m fee to sign Romeo Lavia from Southampton, with the midfielder undergoing a medical on Wednesday.
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