Bayern Munich to Sign Michael Olise from Crystal Palace
Breaking News: Transfer Agreement Reached
In a major transfer development, Bayern Munich have reportedly secured the signing of highly-rated winger Michael Olise from Crystal Palace, according to Sky Germany. The Bundesliga giants have agreed to pay a hefty fee of €60 million (£50.8 million), including add-ons, to bring the 20-year-old Englishman to the Allianz Arena.
Chelsea Out of the Race
The move comes as a significant blow to Chelsea, who had also been heavily linked with a move for Olise. The Blues are believed to have activated a £35 million release clause in the player's contract, but have now dropped out of the race, leaving Bayern Munich as the frontrunner.
A Hammer Blow to Chelsea's Summer Plans
Olise's impending departure to Bayern Munich represents a major setback for Chelsea, who have been actively pursuing young attacking talent this summer. The west London club are now expected to focus on other targets, but the loss of Olise is a significant blow to their transfer plans.
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