Why Michael Olise transfer suitors Chelsea & Man Utd must strike a deal with Crystal Palace before approaching winger despite release clause - explained

Olise's current contract with Crystal Palace includes a release clause set at a substantial £60 million ($76 million). Unlike many transfer situations where clubs negotiate terms with the player first before finalising the deal with the selling club, interested parties in this case must first strike a deal with Crystal Palace before approaching Olise's camp, according to The Athletic.

The aforementioned approach has been adopted to streamline the transfer process and ensure that Olise can consider all his options with a clear understanding of the offers on the table. Essentially, it places the decision-making power firmly in Olise’s hands, allowing him to weigh up his prospects before committing to a move.

Following a disappointing season, United are keen to revamp their squad, with co-owner Sir Jim Ratcliffe leading the charge. Ratcliffe is reportedly eager to make Olise a marquee signing, signalling a fresh start and a statement of intent for the Red Devils. The sales of Antony and Mason Greenwood appear likely, which would create both financial and positional space for Olise at Old Trafford.

Chelsea, too, are interested in Olise, recognising his potential to bolster their attacking options. The west London club faces competition not only from United but also from Aston Villa, Newcastle United and Arsenal. Despite that, Chelsea are hopeful that a structured financial package — potentially meeting the £60m release clause in instalments — will satisfy Crystal Palace as this payment method will help them comply with the Premier League’s Profit and Sustainability rules.

The 22-year-old French winger has significantly enhanced his reputation over the 2023-24 season as he recorded 10 goals and six assists in the Premier League across just 1,277 minutes of action. As Palace hold firm on their valuation and clubs vie for Olise’s signature, the unfolding saga promises to be one of the highlights of the summer transfer window.