Michael Olise 'set to earn staggering wage at Bayern Munich after his £55m Crystal Palace release clause was met' - with Chelsea and Newcastle missing out on in-demand winger

Michael Olise is set to complete a move to Bundesliga giants Bayern Munich The in-demand winger attracted interest from several Premier League clubs LISTEN to It's All Kicking Off! 'Extraordinarily bad, chaotically bad, pathetically bad'... Is this England team as good as we think it is? 

Michael Olise is set to bank an eye-watering weekly salary after deciding to join Bayern Munich over several Premier League clubs this summer, reports claim.

Winger Olise had attracted interest from the likes of Chelsea and Newcastle but, as reported by Mail Sport, Bayern are now set to agree a deal with Crystal Palace.

Both sides have entered negotiations over Olise's release clause and journalist Christian Falk has reported that Bayern have triggered the £55million option.

Chelsea had made it known late on Friday that they were no longer in the race for the 22-year-old's signature while Manchester United did not make an offer.

It is understood that Palace had been willing to offer Olise a new deal to stay but the lure of Champions League football proved too much to contend with.

Michael Olise is set to earn a hefty wage increase after choosing to join Bayern Munich

Michael Olise is set to earn a hefty wage increase after choosing to join Bayern Munich

Crystal Palace have entered talks with Bayern with a deal for the winger set to be agreed

Crystal Palace have entered talks with Bayern with a deal for the winger set to be agreed

Bayern is in concret transfer-talks with Michael Olise (22) @CPFC. The player wants to Bayern
❇️ Release clause £ 55 Mio
❇️ £ 220 000 a week salary@BILD_Sport @altobelli13 @ErikOleee
First call via @TheAthleticFC

— Christian Falk (@cfbayern) June 21, 2024

Podcast All episodes
  • Is Kane doing enough for 'chaotically, pathetically bad England?'
    Is Kane doing enough for 'chaotically, pathetically bad England?'
  • LISTEN: What Jude Bellingham must do to elevate his game
    LISTEN: What Jude Bellingham must do to elevate his game
  • LISTEN: It's All Kicking Off at the Euros. Get the latest action daily
    LISTEN: It's All Kicking Off at the Euros. Get the latest action daily
  • EPISODE 91: Can Manchester City cope without Pep Guardiola?
    EPISODE 91: Can Manchester City cope without Pep Guardiola?
  • EPISODE 90: How Manchester United CAN win crunch FA Cup clash
    EPISODE 90: How Manchester United CAN win crunch FA Cup clash
Play on Apple Spotify

Olise is also expected to earn a substantially larger wage packet at the Allianz Arena with Falk claiming he is expected to rake in £220,000 every week.

The forward had joined Palace from Reading in 2021 and adapted superbly to the Premier League, becoming a first-team regular during his stint in London.

He scored 10 goals last season, the best haul of his career, and recorded six assists.

Olise had signed a new contract last August on a bumper £100,000 per week but will more than double his weekly take home after putting pen to paper.

Manchester City are also said to have expressed interest in the player, who was close to joining Chelsea last summer before deciding to commit his future to Palace.

Fresh from an outstanding final season with the Eagles, Olise was included in Thierry Henry's preliminary squad for the upcoming Olympic Games this summer.

The deal represents a coup for new Bayern boss Vincent Kompany ahead of his first season

The deal represents a coup for new Bayern boss Vincent Kompany ahead of his first season

Chelsea are said to have pulled out of the race while Manchester United did not make an offer

Chelsea are said to have pulled out of the race while Manchester United did not make an offer

Olise impressed under Oliver Glasner at Palace but was lured by Champions League football

Olise impressed under Oliver Glasner at Palace but was lured by Champions League football

Palace are set to make a hefty profit on Olise, having signed him three years ago for a fee of around £8m. He has since made 82 appearances in the top-flight.

The deal represents a major coup for new Bayern boss Vincent Kompany, who was named the club's successor to Thomas Tuchel just weeks after Burnley's relegation.

Palace manager Oliver Glasner had admitted he was unsure whether Olise and team-mate Eberechi Eze would remain at the club beyond this summer.

'It's the job of the club to keep all the players,' Glasner said after Palace's thumping victory against Manchester United. 'I know they'll try everything possible.

'You never know how your squad will look when the next season starts. They're amazing players, this is an amazing group.'

On the two forwards, Palace defender Joachim Andersen added: 'I'll be praying the whole summer for them to stay, maybe send them a few messages.'

OTHER NEWS

11 minutes ago

Bills-Steelers join list of NFL teams holding joint practice together during 2024 training camp

11 minutes ago

Severe storms devastate upstate New York, Midwest, leaving at least 3 dead

11 minutes ago

AP Source: Bears sign Caleb Williams and Rome Odunze to four-year deals

11 minutes ago

Humana-Paredes, Wilkerson reunite for shot at Olympic beach volleyball glory

11 minutes ago

Norton Motorcycles Is Back, Will Launch Six New Bikes in the Next Three Years

11 minutes ago

Browns and LB Jeremiah Owusu-Koramoah 'struggling to see eye-to-eye' on contract talks

11 minutes ago

New mobile app by AXS allows cardless payment at commercial carparks

11 minutes ago

Duke-NUS scientists discover protein that plays key role in ageing

11 minutes ago

Varadkar: Fine Gael and Fianna Fáil 'rapidly becoming sister parties' but merger not likely

11 minutes ago

Chris Simms ranks 40 NFL QBs, including Cowboys' Dak Prescott

11 minutes ago

Rom-Com 'Because I Want No Loss' Starring Shin Min-a, Kim Young-dae to Premieres in August

11 minutes ago

GOP rep speaks out after attack by anti-Israel protester at RNC: We will not allow them to ‘intimidate us’

11 minutes ago

8 Best Centers The Los Angeles Lakers Could Land This Summer

11 minutes ago

‘A plague of liars’: what caused the disastrous pitches at Copa América?

11 minutes ago

‘The Crown’ Leads Departing Series In Emmy Nominations At 18

11 minutes ago

Waller says Fed getting closer to cutting interest rates as inflation slows

11 minutes ago

11 Chicago restaurants named among ‘iconic' list of restaurants nationwide

11 minutes ago

The Acolyte Episode 8: What That Red Lightsaber Means - And How It Changed

11 minutes ago

List of top Emmy nominees

11 minutes ago

A meteor streaked across the NYC skyline before disintegrating over New Jersey

11 minutes ago

‘Shogun’ tops all Emmy nominees with 25 and ‘The Bear’ leads comedies with 23, setting a new comedy series record

11 minutes ago

Emmy Awards 2024: The full list of nominations

11 minutes ago

Charli XCX hints at plans to quit music in shock career change

11 minutes ago

Olympic champion Richard Carapaz wins Tour de France Stage 17

16 minutes ago

Britain's new government commits to building Holocaust memorial

16 minutes ago

How on-time rent payments can help 'credit invisible' consumers be seen

16 minutes ago

Ex-Trump aide Peter Navarro to speak at RNC hours after leaving jail

16 minutes ago

Country singer Ingrid Andress says she was drunk during awful performance of US national anthem

16 minutes ago

John Deere turns back on wokeness, rejects DEI policies: ‘Committed to our customers’

16 minutes ago

Costco's New Deli Item Is Facing Major Criticism: 'Not Good'

16 minutes ago

Commanders have still not yet assigned Tress Way a number

16 minutes ago

Katie Holmes lands a new job… before daughter Suri Cruise, 18, heads off to college this fall

16 minutes ago

New Liverpool boss Arne Slot appoints former EVERTON star to his backroom staff... as the Dutchman brings in a new assistant coach to Anfield

16 minutes ago

Lionel Messi told to apologize for racist chanting by his Argentina teammates, despite not even being with them when it happened

16 minutes ago

Kedarnath Gold scam: Temple committee says Shankaracharya carrying Cong agenda

16 minutes ago

Manchester United closing in on ‘generational talent’ Leny Yoro

16 minutes ago

Video: Blackpool fire: Man and woman in their 20s are killed and two children are rushed to hospital after house blaze as police launch investigation

16 minutes ago

Flag featuring loyalist gunmen placed yards from Catholic primary school and church

16 minutes ago

For Samsung and Google, AI Is a Team Effort. Apple Should Take Notes

16 minutes ago

Leading Fed official says he still wants more data before supporting rate cut

ALONGWALKER VIETNAM: Kênh khám phá trải nghiệm của giới trẻ, thế giới du lịch ALONGWALKER INDONESIA: Saluran untuk mengeksplorasi pengalaman para pemuda global