Chelsea, Newcastle, Bayern show interest in Michael Olise

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Chelsea, Newcastle United and Bayern Munich have all contacted Crystal Palace to register their interest in signing Michael Olise.

The club has set a minimum threshold of £60m for any offers for the 22-year-old winger.

Olise’s contract includes a release clause valued at around £60m, making negotiations intricate due to obligations to his former club Reading, Olise himself, and Crystal Palace.

Last summer, Chelsea made an unsuccessful attempt to secure Olise for approximately £35m, believing they had triggered his release clause.

Although he previously departed the Blues’ youth system at the age of 14, Olise joined Palace from Reading in 2021. After Chelsea’s initial interest, the French Under-21 international committed to a new four-year contract at Selhurst Park, extending until 2027.

Olise’s recent performances earned him a spot in the France squad for the upcoming Paris Olympics, commencing in July.

Despite missing several matches due to a hamstring injury last season, Olise still managed to score 10 goals in 19 appearances for Palace.