- Bayern Munich have signed 22-year-old French Under-21 forward Michael Olise from Crystal Palace for about £50 million
- Olise, who joined Palace from Reading for £8 million in 2021, has signed a five-year deal with Bayern despite interest from Chelsea and Newcastle
Bayern Munich have signed winger Michael Olise from Crystal Palace for about 60 million euros (£50 million). The 22-year-old French Under-21 forward, born in England, made 90 appearances in all competitions over three seasons with Palace.
Olise, who joined the Eagles from Reading for £8 million in July 2021, has signed a five-year deal with Bayern. Despite interest from Chelsea and Newcastle United earlier this summer, Olise has chosen to move to Germany, where he will work under Bayern’s new manager Vincent Kompany.
“I’m very happy to be now playing for such a big club – it’s a great challenge and that’s exactly what I was looking for,” said Olise. “I want to prove myself at this level and play my part in ensuring we win as many titles as possible in the coming years.”
Olise scored 10 goals in 19 Premier League appearances as Palace finished 10th in the table last season. He has also been selected for the France squad for the Olympics, which start in Paris later this month.
In addition to signing Olise, Bayern are set to complete the signing of Fulham’s Joao Palhinha in a deal worth £42 million plus £4 million in add-ons.