Bayern Munich have secured the signing of Michael Olise from Crystal Palace for €60m (£50.8m), including add-ons.
The French forward, who was previously on the radar of both Chelsea and Newcastle, has signed a five-year contract with the Bundesliga champions.
Michael Olise leaves Crystal Palace after a three-year stint, during which he made 90 appearances, scoring 16 goals, and provided 25 assists since joining from Reading in July 2021.
Bayern sporting director Max Eberl expressed his excitement about the signing, highlighting Olise’s ability to make a difference on the field.
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Eberl emphasized that Olise’s enthusiasm to join Bayern was clear during negotiations, and he believes the forward will bring new energy, ideas, and impetus to the team.
Palace chairman Steve Parish said: “We are hugely proud of what Michael has achieved at Crystal Palace, a club where he has developed greatly as a player.
“We respect his desire to further test himself at the highest level of world football, and I would like to personally wish him the very best for his next adventure with Bayern Munich in Germany which I’m sure we will all follow closely.”