Michael Olise has rejected an offer from Chelsea and instead signed a new four-year contract with Crystal Palace.

Michael Olise has rejected an offer from Chelsea and instead signed a new four-year contract with Crystal Palace.


Michael Olise’s decision to reject a Chelsea offer and sign a new, four-year contract to stay at Selhurst Park has been formally revealed by Crystal Palace.

Olise’s contract with Palace contained a ¬£35 million release clause, and Chelsea appeared to be close to signing the outstanding France Under-21 forward. Steve Parish, the chairman of Palace, was adamant that he did not want to lose one of his prized possessions, particularly in light of Wilfried Zaha’s free transfer to Galatasaray. Olise was actively persuaded to stay by Parish, which resulted in conversations on Wednesday night.

Steve Parish posted on Instagram on Thursday, “I’m incredibly happy to inform @m.olise has decided to commit his future to Crystal Palace football club and this afternoon signed a new four year deal with the club.

Michael Olise has rejected an offer from Chelsea and instead signed a new four-year contract with Crystal Palace.

Roy Hodgson, the manager of Palace, expressed his happiness, saying, “It’s the best news we could have. The choice has been made by him [Olise]. I must congratulate Dougie Freedman and Steve Parish on a job well done as the sporting director.

According to reports, Parish was unhappy with the way Chelsea approached Olise and was thinking about filing a formal complaint with the Premier League. Chelsea, on the other hand, insisted that their behavior was moral.

Even though the 21-year-old is anticipated to remain sidelined due to a hamstring injury until at least the end of September, the news of Olise’s choice to stay is a huge boost for Hodgson’s club. It’s believed that a minimum release clause is part of his new contract.

“It puts a lot of speculating to rest and lifts everyone,” said Parish. Losing Michael after Wilfried left would have been devastating. The team we have entering the season is essentially the same as it was at the end of the previous one. This makes us all feel a little better, however we’ll try to accomplish one or two more things the following week. People must make decisions regarding their own lives because Michael has his own thinking. The fans will love him even more for making that choice because we gave him the freedom to do so. Michael, in my opinion, will quickly get to the top of the game, but for the time being, this is a wise move for his development.

Crystal Palace is ready for future interest from Liverpool in Cheick Doucouré despite only having so far acquired Jefferson Lerma from Bournemouth on a free transfer.

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