Michael Olise joins Bayern Munich from Palace on five-year deal

Bayern Munich have completed the signing of winger Michael Olise from Crystal Palace for approximately 60 million euros (£50 million).

The 22-year-old forward, born in England and representing France at the Under-21 level, accumulated 90 appearances across all competitions during his three seasons with Palace.

Olise, who joined Palace from Reading for £8 million in July 2021, has inked a five-year contract.

Despite interest from Chelsea and Newcastle United earlier in the summer, Olise opted to join Germany’s Bayern Munich, where he will play under the guidance of the club’s new manager, Vincent Kompany.

“I’m very happy to now be playing for such a big club – it’s a great challenge and that’s exactly what I was looking for,” said Olise.

“I want to prove myself at this level and play my part in ensuring we win as many titles as possible in the coming years.”

Olise scored 10 goals in 19 Premier League appearances as Palace finished 10th in the table last season.

He has been selected in the France squad for the Olympics that start in Paris later this month.

“We are hugely proud of what Michael has achieved at Crystal Palace, a club where he has developed greatly as a player,” said Eagles chairman Steve Parish.

“We respect his desire to further test himself at the highest level of world football.”

Bayern are also set to complete the signing of Fulham’s Joao Palhinha in a deal worth £42m plus £4m in add-ons.

The 28-year-old Portugal midfielder was close to joining Bayern last summer but a deal collapsed on deadline day.

England defender Eric Dier has also joined the Bundesliga club permanently after playing for them on loan from Tottenham Hotspur since January.

Bayern’s 11-year hold on the German title was ended by Bayer Leverkusen last season.