Transfer News: Eagles player offered massive new contract to block ₦105 Billion Chelsea move

Ifeanyi Ufomadu 21:46 - 20 June 2024

Chelsea have reportedly suffered a setback in their race to sign one of the Premier League's hottest properties.

Premier League side Crystal Palace are reportedly set to offer star winger Michael Olise a new bumper deal to thwart any summer move to Chelsea.

The contract will reportedly include a release clause valid for 2025 as the Eagles battle hard to keep their prized asset.

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Olise to snub Chelsea move for new contract?

According to Fabrizio Romano, who posted on his X account, Olise will receive a hugely improved salary to match his new status.

🚨 EXCL: Crystal Palace have offered new deal to Michael Olise, higher salary and new release clause for 2025.

🔵 Understand despite this, Chelsea still confident as they push to agree on personal terms; it’s up to the player.

Bayern and Newcastle also allowed to talk to Olise. pic.twitter.com/HIEMoFhsUk
— Fabrizio Romano (@FabrizioRomano) June 19, 2024

Chelsea failed in their attempts to sign Olise last summer despite making a £35million offer, and they have been frontrunners to land him this summer.

There have been reports that Chelsea could add Noni Madueke to sweeten the deal for Palace, but that is now unlikely to materialise.

Olise's star has been steadily rising at Palace over the past two seasons, and he's now made 82 league appearances in which he's scored 14 goals.