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SportsChelsea the 'spendthrifts' make $44.5 million move for Crystal Palace's Michael Olise

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Chelsea the ‘spendthrifts’ make $44.5 million move for Crystal Palace’s Michael Olise

Chelsea have reportedly activated the £35 million ($44.5 million) release clause in Michael Olise’s existing contract with Crystal Palace.

Throughout the summer, Chelsea has displayed interest in the French Under-21 international, and they have been competing with Manchester City for the midfielder’s signature.

Initially, reports from the Evening Standard indicated a proposed fee of £45 million ($57 million), but now, as per The Athletic, Chelsea has triggered Palace’s £35 million ($44.5 million) release clause.

Even after confirming Moises Caicedo’s transfer from Brighton recently, Chelsea’s reconstruction efforts seem to be continuing without pause. Additionally, there are indications that Southampton midfielder Romeo Lavia is poised to follow the Ecuadorian midfielder in joining the club.

Further transfer activity could occur in west London as Todd Boehly continues to reshape the composition of the Blues’ squad.

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