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Chelsea secure agreement in principle with Crystal Palace for Michael Olise

Chelsea have secured an agreement in principle with Crystal Palace for France youth international midfielder Michael Olise on a long-term contract, according to RMC.

The Blues have agreed to activate the release clause of the 21-year-old, which is around €40 million, and an official contract is expected to be signed in the coming days.

Olise is currently out injured after sustaining a knock while on international duty with France under-21 and is set to spend months on the sidelines, so he will not be linking up immediately with Mauricio Pochettino’s side if he completes his move to Stamford Bridge before the end of the summer transfer window.

Chelsea have already completed the signings of Moises Caicedo, Christopher Nkunku, Axel Disasi, Nicolas Jackson, Robert Sanchez, Lesley Ugochukwu and Angelo Gabriel so far this summer.

The Blues have spent roughly €350m thus far, but it does not appear as if they are done yet and more additions could still be made to the squad even after getting their hands on Olise, with Pochettino overseeing a major squad rebuild.

The attacking midfielder has already agreed personal terms with Chelsea, and they are about to further boost their options in the final third with a quality player who boasts huge potential.

Olise ended last season with two goals and 11 assists in 37 Premier League games and is capable of firing the Blues to a top-four finish after the disappointing campaign they had in 2022-23.

Manchester City were also keen on the former Reading star after manager Pep Guardiola identified him as a replacement for Riyad Mahrez, but the youngster has opted for Chelsea and a move has been agreed between both clubs after Palace rejected their first bid of around €30m.

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