Chelsea have reportedly reached an agreement in principle with Crystal Palace over the transfer of young French winger Michael Olise.
The 21-year-old made Selhurst Park his home when he transferred from Reading in 2021 and is on a contract until the summer of 2026.
However, his contract contains a release clause, which Chelsea are now reportedly set to trigger in the coming hours.
The winger, who currently plays for the France U-21 team despite being eligible to play for both England and the Super Eagles of Nigeria, is one of the most exciting talents in his position.
Olise had an impressive campaign last season, scoring twice while registering 11 assists.
This has put him on the radar of a number of clubs, including Premier League champion Manchester City.
Chelsea have held a long-standing interest, and according to reports, they are close to landing their man.
Chelsea reach Olise agreement
According to transfer journalist Fabrizio Romano, the West London side have triggered the £35 million release clause included in Olise’s Crystal Palace contract and are in advanced talks over the completion of the deal.
Chelsea have activated £35m release clause into Michael Olise’s contract — deal advancing to final stages 🚨🔵
Clause has always been there despite denials and all parties will be in touch to finalise the agreement.
Olise already said yes to Chelsea, time to fix details. pic.twitter.com/2aDFuvT2RN
— Fabrizio Romano (@FabrizioRomano) August 15, 2023
The report claims that the winger has already agreed to join Chelsea, and it only remains to complete the formalities.
Should the deal be completed, Olise will become Chelsea’s 11th acquisition in the summer transfer window.