Michael Olise pens new deal with Crystal Palace despite Chelsea interest

Michael Olise has signed a new contract with Crystal Palace, despite Chelsea recently triggering his £35 million release clause.

Olise has pen to paper on a new four-year deal with Palace, securing his future at Selhurst Park.

The unexpected announcement came directly from Crystal Palace chairman Steve Parish on Thursday afternoon. 

Parish said (via Instagram): “I’m absolutely delighted to announce Olise has decided to commit his future to Crystal Palace football club and this afternoon signed a new four-year deal with the club.”

Having spent seven years in Chelsea’s academy from 2009 to 2016, it seemed almost inevitable that Olise would rejoin the club after they triggered his release clause. 

However, Olise has chosen to remain with the Eagles. Palace supporters have cause to celebrate, especially as the club lost their Wilfried Zaha to Galatasaray this summer. 

Olise’s football journey has been fascinating having passed through the academies of Reading, Arsenal, Chelsea and Manchester City. 

The London-born star has since become a French youth international.

The playmaker’s reputation burgeoned during his tenure at Reading, where he won the Championship Young Player of the Season and Reading’s Scholar of the Season awards.

Palace seized the opportunity to secure his services two years ago when they triggered his release £8.6m clause.

Olise has since established himself as one of the most exciting talents in the Premier League, bagging two goals and 11 assists in 37 games last term.

Chelsea will have to look elsewhere for reinforcements after missing out on Olise.

They have already been linked with a move for Nottingham Forest attacker Brennan Johnson, who is on the move this summer.