Bayern Munich are moving forward with the formalities to secure the transfer of Michael Olise from Crystal Palace. The German club has informed Crystal Palace of their intention to pay the release clause, which amounts to £45 million plus an additional £5 million in add-ons.
Contract Details
Olise, who is set to sign a contract until June 2029, has agreed to the terms with Bayern Munich. The deal is expected to be completed soon, with all parties in agreement.
Background
The 22-year-old winger has been a key player for Crystal Palace, attracting interest from several top clubs. Bayern Munich’s decision to trigger his release clause follows a series of negotiations and interest from other clubs, including Chelsea.
Crystal Palace’s Next Steps
In response to Olise’s impending departure, Crystal Palace are reportedly eyeing Antonio Nusa as a potential replacement. This move indicates the club’s proactive approach to filling the gap left by Olise.
Previous Developments
- On 24 June, Crystal Palace were reported to be considering Antonio Nusa as Olise’s replacement.
- On 22 June, Bayern Munich’s intention to trigger Olise’s release clause was made public.
- On 21 June, it was reported that Bayern Munich had secured Olise from Crystal Palace.
- On 19 June, Crystal Palace offered a new deal to Olise in an attempt to retain him.
- On 13 June, Chelsea inquired about Olise’s release clause.
The transfer of Michael Olise to Bayern Munich marks a significant move in the summer transfer window, with the player set to join the Bundesliga champions on a long-term contract.