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Michael Olise Chelsea transfer latest - Crystal Palace price, Maresca stance and Glasner confidence

Michael Olise during a Crystal Palace match
-Credit: (Image: Alex Davidson/Getty Images)


If there's been any club in the Premier League that has ruled the transfer market over the past few seasons it's been Chelsea - in all-but-one case.

Amid making two £105m-plus signings in the form of Enzo Fernandez and Moises Caicedo, the £75m signing of Wesley Fofana, a £62m swoop to beat Arsenal to Mykhailo Mudryk, and their best piece of business in years that saw them secure Cole Palmer for just £45m, it feels as though the Blues have been able to sign everyone and anyone.

However, perhaps the one time they've gone after a player and failed to secure their services under the ownership of Todd Boehly has been that of Crystal Palace winger and former Cobham academy star Michael Olise. Having previously tried to activate his release clause of £35m last summer, a swift new contract at Selhurst Park was placed in front of the 22-year-old and Chelsea missed out.

Since then, Olise and Palace went on to secure themselves a top half finish in the Premier League under new manager Oliver Glasner - their first since 2015. Olise himself helped provide ten goals and six assists in just 19 games over the campaign having been hampered with two separate hamstring problems throughout the year.

Chelsea have also undergone some changes, with new manager Enzo Maresca having been appointed earlier this week following the departure of Mauricio Pochettino. The 44-year-old has already secured his first signing of the summer in the form of Fulham centre-back Tosin Adarabioyo who joins the club on a free transfer - but could Olise also be heading to Stamford Bridge this summer?

READ MORE: Why Chelsea have signed Tosin Adarabioyo as first transfer of Enzo Maresca era confirmed

READ MORE: Chelsea asking price for Armando Broja transfer as £35m incentive emerges

Here, football.london has the latest on the future of the Chelsea-Olise saga.

Crystal Palace price tag

Last summer, Chelsea tried to activate Olise's £35m release clause in what was assured to be a done deal after they'd verbally agreed personal terms before a stunning switch saw him sign a new long-term contract to stay at Selhurst Park. That meant the Eagles were able to up his price and the Blues moved on from the whole ordeal.

Now they're back, though, but it'll cost them almost double what it could've. It's believed Palace will ask for at least £60m for Olise's services this summer, the same price they've put on fellow youngster Eberechi Eze who is also the subject of intense speculation surrounding him after his impressive displays throughout the campaign.

There are conflicting reports around the nature of a release clause in his new contract, with some claims that it's set to become active this summer while others believe there is no clause whatsoever with clubs forced to negotiate with Palace for a fee if they're to go after the player.

Enzo Maresca stance

Since arriving at Chelsea, new boss Maresca will have no doubt set out his plan alongside club sporting directors Paul Winstanley and Laurence Stewart for the summer transfer window and is believed to be fond of Palace starlet Olise.

Having spent seven years in Chelsea's youth-setup before leaving at the age of 14, Olise is set to be the Blues priority target and they have confidence that they can finish better than the sixth-place they managed to achieve under Pochettino in order to have the pull factor of Champions League football as a promise at their disposal.

What Oliver Glasner has said

Towards the end of the 2023/24 campaign, Palace boss Glasner admitted that he was confident he would be able to keep his side's deadly trio of Olise, Eze and Jean-Philippe Mateta who helped the Austrian secure a top half finish for the Eagles, even remarking that if all three were sold, they could buy a new Selhurst Park.

He remarked: "I am very confident they'll be here because they have contracts and no one has told me they'll be leaving. I think what we have done is that we have shown them that Crystal Palace have ambition.

"We have shown them how we want to play, which path we want to go down, which journey we want to ride together. They can show their strengths, qualities and personalities and express themselves.

"They fit together. This is what we can do. If something else happens, then this is football. But Crystal Palace will be able to build a new Selhurst - because it will cost a lot of money."

Rivals race for signature

Chelsea are not the only team interested in Olise, with Premier League rivals Arsenal and Manchester United also noted to hold stock in the youngster. The 22-year-old has previously been touted as a target by Man United's new minority owner Sir Jim Ratcliffe in a window that could see them shift a whole host of players out of the Old Trafford dressing room.

Mikel Arteta's Gunners would certainly be an intriguing prospect for Olise though, with the north London side having challenged Manchester City for the Premier League title in two consecutive down-to-the-wire races but still look like they need more attacking firepower - something Olise could be the key to unlocking.