Newcastle United gives two key reasons’ with Bayern ‘to complete’ £50m transfer

According to reports, Bayern Munich-bound Michael Olise decided to snub interest from Premier League pair Chelsea and Newcastle United for two reasons.

Injuries impacted Olise during the 2023/24 campaign as he was restricted to 19 Premier League appearances.

Despite this, the Frenchman ended the season superbly as he grabbed ten goals and six assists in the Premier League.

The 22-year-old is a long-term Chelsea target and they pursued him during last year’s summer transfer window. A deal looked likely at one stage but he committed his future to Crystal Palace by penning a new contract.

His latest deal runs until 2027 but an exit was always likely this summer as there is a release clause in his contract.

Chelsea, Newcastle United and Bayern Munich have been the sides most interested in signing Olise this summer and the Bundesliga giants have won the race to sign him.

Transfer expert Fabrizio Romano revealed on Tuesday morning that Bayern Munich are preparing “to complete” the Olise deal.

Romano said: “Bayern are prepared to start a formal process to complete the Michael Olise deal.

“Crystal Palace are already informed about payment of the release clause, it will be £45m plus £5m add-ons. Olise will sign until June 2029, it’s all agreed.”

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