According to reports, as part of the new four-year contract midfielder Michael Olise signed after declining Chelsea, Crystal Palace increased the £35 million release clause in his contract.
According to rumors, Michael Olise’s new contract, which goes into effect next summer, has a higher release clause because Crystal Palace wants to pay more for him.
Despite the Blues activating the £35 million release clause in his previous contract, Olise declined a move to Stamford Bridge, despite being one of numerous targets in Chelsea’s summer purchasing spree.
Club chairman Steve Parish gave the midfielder an improved deal that included a hefty pay raise to keep him at the club after learning that the 21-year-old had decided to stay at Selhurst Park.
The Evening Standard reports that although the new release clause’s precise amount is unknown, it is expected to be much higher than the previous asking price of £35 million.
According to the source, Chelsea is still interested in the youngster but is likely to cool off after spending big money to hire Cole Palmer from Manchester City on transfer deadline day.
After Wilfried Zaha left for Turkish Super Lig Champions Galatasaray on a free transfer during the summer break, the Palace board was desperate to cling onto the budding star.
Olise made 37 Premier League appearances for the Eagles last season and recorded two goals and 11 assists in addition to making multiple appearances for the France Under-21 team.
The midfielder, who over the summer competed for his country’s Under-21 team at the European Championship, is presently out with a hamstring injury.
