Bayern Munich are on the verge of completing the signing of Michael Olise after the winger opted to join the Bundesliga giants.
Reports indicate that Chelsea, Newcastle United, and the Bavarian giants have all contacted Crystal Palace earlier in June 2024 to signify their interest in the Frenchman.
There were initial worries that it would be difficult to broker a deal to secure Olise’s services, with his release clause set at £60 million.
A potential deal will also include percentages of any transfer fee due to Crystal Palace, the player, and his former club Reading.
Chelsea Worried About Overall Cost Of Transfer Hence Subsequent Decision To Lay Back
Premier League giants Chelsea are believed to have been majorly concerned about the overall cost of the deal.
The Blues made attempts to secure the services of Olise for a fee of about £35 million last summer, but their move was unsuccessful despite the belief that they had activated the attacker’s release clause.
Michael Olise’s Crystal Palace Contract Details
Michael Olise penned a new four-year deal at Selhurst Park on August 17, 2023, with his current contract running until June 30, 2027.
Olise’s stock has continued to rise, with the midfielder selected in Thierry Henry’s French squad for the upcoming 2024 Summer Olympics that will be hosted by Paris, France.
The tournament will commence on Friday, July 26, 2024, and it will be on until Sunday, August 11, 2024.
Michael Olise netted 10 goals in 19 appearances for Crystal Palace in the 2023/24 season, having been absent from several games due to a hamstring injury.
Manchester United’s Pursuit Of Michael Olise?
It is understood that Manchester United were also previously interested in getting the services of the 22-year-old, however, they have turned their attention elsewhere, as they are focusing on targets in other positions.
Crystal Palace are set to make a heavy profit on Olise, having signed him from Reading for a fee of about £8 million.
If he is sold for basically his release clause, the Eagles would have made about 7 and a half times the amount Michael Olise was acquired for.
Olise’s current market value is £55 million and he is earning £100,000 per week at Crystal Palace.
How Much Will Michael Olise Earn At Bayern Munich?
He will reportedly pocket home about £12 million annually if and when he officially joins Bayern Munich.
Olise’s Parents
Michael Olise was born in Hammersmith, London, to a French-Algerian mom, and Nigerian father, Vincent Olise.
The former Chelsea, Manchester, and Arsenal youth player is eligible to feature for France, England, Algeria, and Nigeria at the international level.
Michael Olise Net Worth And Sibling
Olise’s net worth is estimated to be within the region of £7 million – £10 million and he has a younger brother, Richard, who was born on September 9, 2004, and he is currently 19 years old.
Richard Olise plays as a defender for the Under 21 side of Chelsea and he is also eligible to represent the four countries his elder brother was tagged to.
How Will Olise Fit In At Bayern Munich
Meanwhile, it will be fascinating to see what Michael Olise can offer to the Bayern Munich star-studded setup, under new boss Vincent Kompany.
Olise will be competing for a starting shirt alongside star names like Kingsley Coman and Leroy Sane, who previously played in the Premier League, representing Manchester City between 2016 and 2020.
