Chelsea Football Club has withdrawn from the race to sign Crystal Palace winger Michael Olise due to financial constraints. Olise, a 22-year-old France youth international, has decided to join Bayern Munich instead. Bayern Munich and Crystal Palace have reached a total agreement for the transfer, with Bayern expected to pay around β¬60 million in transfer fees, including a Β£45 million fixed fee and Β£5 million in add-ons. The contract is likely to run until 2029. Olise's decision comes after interest from multiple clubs, including Chelsea and Newcastle. Chelsea is now focusing on other potential signings after missing out on Olise. Olise's contract includes a release clause, and personal terms were agreed upon.
π¨ Michael Olise chose to join Bayern because he believed it was the best place to further his development. It wasn't a financial decision on his part - despite Chelseaβs concerns about the financial aspect. (Source: @JamesOlley) https://t.co/tiROv4tc39
Worth highlighting that whatever financial concerns Chelsea had about the deal, Michael Olise chose to join Bayern from Crystal Palace because he believed it was the best place to further his development. Wasn't a financial decision on his part.
Michael Olise's move to Bayern Munich is all done https://t.co/y5wJRlBDUg
π¨π¨| Bayern Munich are interested in signing Bernardo Silva, who has a Β£50m buy-out clause in his contract at Manchester City, which still has two years to run. [@dailystar] https://t.co/MQ3j2EDUaO
Michael Olise's move from Crystal Palace to Bayern Munich a done deal https://t.co/y5wJRlBDUg
Michael Olise's Β£60m Crystal Palace exit is a done deal https://t.co/y5wJRlBDUg
Michael Olise's move from Crystal Palace to Bayern Munich is a done deal https://t.co/y5wJRlB64I
π¨π΅ Chelsea position on Nico Williams has not changed: appreciating him as was on shortlist already last summer, but current package too expensive. Release clause over β¬58m + taxes with main payment upfront and salary requests considered too high. βͺοΈ https://t.co/u30sipKw1q https://t.co/dVn5FmPuuM
If Michael Olise completes his move to Bayern Munich he will be their 5th most expensive signing in history π€ https://t.co/1f3Of3DEHr
π¨ Chelsea have now turned their attention to Nico Williams after missing out in Michael Olise. (Source: @dimarzio) https://t.co/e8WlEzyG7R
π¨π¨| JUST IN: Chelsea are now PUSHING to sign Nico Williams after Olise decided to join Bayern. π΅β [@DiMarzio] https://t.co/yj42BQyWZR
BREAKING: Sky Germany are reporting that Bayern Munich have reached an agreement with Crystal Palace Michael Olise π¨https://t.co/eXPI7kLzyi
Michael Olise (22) is set to join Bayern Munich from Crystal Palace, according to @Plettigoal. β¬οΈ https://t.co/kKnBE5YfgL
π¨π΄ Bayern have informed Crystal Palace already yesterday about formal process to trigger the release clause for Michael Olise. β Β£45m fixed fee for Crystal Palace. β Β£5m in add-ons also part of deal. Personal terms agreed yesterday over five year deal. Here we go! βοΈπ«π· https://t.co/BmZ6gNUgWu
Chelsea have four Michael Olise transfer alternatives after Β£60m Bayern Munich decision #CFC https://t.co/Us2sSO10XM
π¨π¨| JUST IN: A full agreement between Bayern and Crystal Palace has been REACHED. π΄β β Contract likely to run until 2029 β Bayern will pay around β¬60m in transfer fees. [@Plettigoal] https://t.co/eVy1PA7na1
π¨ Michael Olise to Bayern Munich is a done deal. Total agreement reached with Crystal Palace for β¬60m fee. Contract until 2029. @Plettigoal https://t.co/mwecn4IGJH
π¨ Michael Olise to Bayern Munich is a done deal. Total agreement reached with Crystal Palace for β¬60m fee. Contract until 2029. (Source: @Plettigoal) https://t.co/EvvFlSWZyV
π¨π΄ BREAKING : Michael Olise will join FC Bayern!β β‘οΈ Total agreement with Crystal Palace has been reached now β‘οΈ Contract probably until 2029 β‘οΈ Bayern will pay around β¬60m in transfer fees! @SkySportDE π«π· https://t.co/tnjRPcoc7e
Chelsea target two attacking signings after withdrawing Michael Olise interest as shock Β£19m talks with Aston Villa escalate... #CFC π΅ βοΈ @RyanTaylorSport https://t.co/GvL4onVfBl https://t.co/KMW9jZnLur
Michael Olise's staggering Bayern Munich salary emerges as Man Utd fail with late move π° https://t.co/Zypr9hye06 https://t.co/dpPQXqdEY5
Michael Olise choosing Bayern Munich over Chelsea could be a blessing in disguise for one player returning to the club this summer after a successful loan spell https://t.co/DBD4Ng0hQx
Bayern Munich are closing in on the signing of Michael Olise after Chelsea once again admitted defeat in their pursuit of the Crystal Palace forward. Story: @ed_aarons https://t.co/lkXdAwc0je
π¨ EXCLUSIVE Man City and Man Utd both failed with late offers to sign Michael Olise in a years' time π βοΈ @MirrorDarren https://t.co/gxnjC5vQo6 https://t.co/C9zXnYIBAW
Michael Olise looks destined for Bayern Munich π° The transfer will contain an agreement unique to the Bavarian giants π https://t.co/odbHtpvlJO https://t.co/I66U5klzpN
π¨ Chelsea started to feel strange when Crystal Palace offered Michael Olise a new deal. Even so they remained confident because theyβd be in talks for more than a year. Olise then informed clubs he chose Bayern. (Source: @FabrizioRomano) https://t.co/fAQoHbOFxU
Latest Chelsea transfer news with the Blues losing the Β£60million race for Michael Olise to Bayern Munich https://t.co/4HPKZe2bHK
π¨π΄ Bayern made contact with Crystal Palace tonight to proceed with next steps of Michael Olise deal. Palace have also been informed of Olise decision to join Bayern with personal terms agreed. βοΈ Understand final package expected is around Β£50m as total fee for Palace. https://t.co/th5PWnfWfn
π¨ Michael Olise is in discussions with Bayern Munich over a Β£220,000 a week salary. (Source: @cfbayern) https://t.co/yTxuXir7gL
Michael Olise is gifted with game-changing qualities that would benefit any top club. Now Bayern Munich are set to benefit from them next season. @gillikas takes a look at what he will bring.
Chelsea are out of the race for Michael Olise β The Athletic are reporting that the Crystal Palace winger has chosen to join Bayern Munich π https://t.co/TkO8ezT2Bo
Chelsea are out of the race for Michael Olise β The Athletic are reporting that the Crystal Palace winger has chosen to join Bayern Munich π https://t.co/6DlT68jem4
π¨π΄ Bayern have reached agreement on Michael Olise salary and contract, deal in place on player side! Olise rejects Palace new deal proposal, Chelsea and Newcastle wanted him but heβs joining Bayern. Deal to be completed soon with Palace, as @David_Ornstein reported. https://t.co/sJAyPdFZap
2:46 p.m. ET: @David_Ornstein reports Chelsea drop out of the race to sign Michael Olise 3:04 p.m. ET: Ornstein reports that Olise has chosen to join Bayern Munich π€ https://t.co/EMXDrbVBSI
Bayern expect to win Β£60m Michael Olise race as Chelsea miss out on Crystal Palace star again βοΈ @NickPurewal https://t.co/bqQeIjhLGS
Michael Olise set to join Bayern Munich after Chelsea withdraw from race https://t.co/ILMGTZhEPG
Michael Olise βοΈ Bayern Munich The Crystal Palace star looks set for his Champions League chance amid reports Chelsea couldn't afford the asking price https://t.co/swTY8CjslR https://t.co/WFoo950uF3
π¨ CONFIRMED: Bayern are set to sign Michael Olise after the Crystal Palace winger decided to join them. (Source: @iamAlexHowell) https://t.co/WIJMTHmsei
Michael Olise is set to join Bayern Munich after choosing the German side ahead of Chelsea (first revealed by @David_Ornstein) story on @Mailsport
π¨π¨| BREAKING: Hakan ΓalhanoΔlu wants to JOIN Bayern Munich! Bayern have opened official talks with the players representatives. No official offer to Inter yet. π΄β [@yagosabuncuoglu] https://t.co/v4VFXF2upB
BREAKING - Chelsea make huge Β£60m Michael Olise 'transfer decision' as next club revealed #CFC https://t.co/sqXUmTN2dL
π¨π¨ BREAKING: Crystal Palace winger Michael Olise has chosen to join Bayern Munich! (Source: @David_Ornstein)
π¨BREAKING: Michael Olise has CHOSEN to join Bayern Munich. π΄ @David_Ornstein https://t.co/mslin7iNsk
Crystal Palace winger Michael Olise has chosen to join Bayern Munich. The 22-year-old France youth international has been of interest to a number of clubs this summer but he has opted for the Bundesliga side. #CPFC More from @David_Ornstein β¬οΈ
π¨π¨| BREAKING: Michael Olise has CHOSEN to join Bayern Munich. π΄β [@David_Ornstein] https://t.co/YnvsAcVa5S
π¨π¨| BREAKING: Michael Olise has chosen to join Bayern Munich. The 22-year-old has been of interest to a number of clubs this summer but he has opted for the Bundesliga side. Bayern are now expected to agree a deal with Palace. [@David_Ornstein] https://t.co/Cn2uPfzdWQ
π¨ Michael Olise has decided to join BAYERN MUNICH. (Source: @David_Ornstein ) https://t.co/PuZcXA8DEH
π¨ EXCLUSIVE: Michael Olise has chosen to join Bayern Munich. #FCBayern among 3 clubs (+ Chelsea / Newcastle) to contact Crystal Palace last week & now expected to agree deal with #CPFC for 22yo winger, whose contract includes release clause @TheAthleticFC https://t.co/xy2LCR92kE
π¨π¨| BREAKING: Chelsea have πππππππππ from the race to sign Michael Olise. [@David_Ornstein] https://t.co/ldFbyUQmRS
π¨ Michael Olise wanted to be the highest paid player at Chelsea, however, the club are trying to cut down the wage bill and felt it was out of their range. (Source: @NathGissing) https://t.co/5VDPCpxuPz
π¨ BREAKING: Chelsea have withdrawn from the race to sign Michael Olise. They feel the finances involved are out of reach! π€― βοΈ @David_Ornstein https://t.co/rnbd6Iw00q
π¨π΅ Chelsea have decided to leave the race for Michael Olise. After Palace offering him new deal and high financial requests, Chelsea decide to withdraw. Deal currently off, as @David_Ornstein called. βͺοΈπ Bayern and Newcastle are also speaking to Olise, Man Utd remain keen. https://t.co/xE4fcIX8KV
π¨π΅BREAKING: Chelsea withdraw from race to sign Crystal Palace winger Michael Olise. @David_Ornstein https://t.co/SkgthxMrIU
Chelsea have pulled out of the process to sign winger Michael Olise from Crystal Palace. #CPFC | #CFC More from @David_Ornstein β¬οΈ
Well thatβs then for a second year. @David_Ornstein reports #CFC have pulled out of race to sign Michael Olise π https://t.co/qEJ9tmL7bW
π¨π¨ BREAKING: Chelsea have withdrawn from the race to sign Michael Olise. They feel the finances involved are out of reach! π€― (Source: @David_Ornstein)
π¨ EXCL: Chelsea withdraw from race to sign Crystal Palace winger Michael Olise. #CFC held talks with #CPFC + 22yo but felt finances involved beyond reach - instead plan to reward existing players & new recruits (expected to add 2 attackers) @TheAthleticFC https://t.co/IjfozT7gEX
Understand that the release clause in Michael Oliseβs Crystal Palace contract is higher than the reported Β£60million. β’ Further details on the battle to sign the France under-21 international on the latest @TransfersCast. https://t.co/gYe84eGAYB https://t.co/28RfKiCyh4β¦ https://t.co/FWCbrgb0Ve
π¨π¨| Liverpool aim to BEAT Chelsea and Manchester United to the signing of Michael Olise. [@Transfersdotcom] https://t.co/rwObyXqLpw
π¨ Crystal Palace have offered Michael Olise a new contract with a higher salary and a new release clause for 2025! π Chelsea remains confident about signing him, while Bayern Munich and Newcastle are monitoring developments. (Source: @FabrizioRomano ) https://t.co/qAaa3JN0s9
π¨ BREAKING: Crystal Palace have offered Michael Olise a new deal, higher salary and new release clause for 2025. [ @FabrizioRomano ] https://t.co/gd0oPz8PB3
π¨ BREAKING: Crystal Palace have Michael Olise a new deal, higher salary and new release clause for 2025. [ @FabrizioRomano ] https://t.co/Fy5n8B6bEu
π¨ EXCL: Crystal Palace have offered new deal to Michael Olise, higher salary and new release clause for 2025. π΅ Understand despite this, Chelsea still confident as they push to agree on personal terms; itβs up to the player. Bayern and Newcastle also allowed to talk to Olise. https://t.co/HIEMoFhsUk
π¨ Chelsea are leading the race to sign Michael Olise over Manchester United. They are willing to activate his Β£60m release clause, while United are not ready to trigger it right now. United are exploring other options. (Source: @Santi_J_FM) https://t.co/P4kJpGw1pI