Chelsea activate £35m release clause for Crystal Palace winger Michael Olise
Chelsea have agreed to activate a £35million release clause in Michael Olise’s contract leaving them free to negotiate personal terms with the Crystal Palace winger, the PA news agency understands.
A deal is yet to be struck with the player but it is understood he has made it clear to Palace that he wishes to leave in order to become the latest recruit in Mauricio Pochettino’s Stamford Bridge rebuild.
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.
Should he agree terms as expected, he will join seven other first-team recruits brought in during the transfer window so far, taking the club’s total summer spend to over £320m once performance-related add-ons are taken into account.
Southampton’s Romeo Lavia is also understood to have told his club he wishes to join Chelsea with that deal expected to go through in the coming days once a fee – likely to be in excess of £50m – has been agreed.
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, will have had a net spend of £175m once the Olise deal is finalised, with a clutch of players having been offloaded for significant fees earlier in the summer.
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.
Chelsea are understood still to be in the market for a goalkeeper to play back-up to Robert Sanchez after Kepa Arrizabalaga joined Real Madrid on a season-long loan on Monday.