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Chelsea Suffers Major Setback as Michael Olise Rejects £35m Transfer in Favor of New Crystal Palace Contract

Missed Opportunity

Chelsea FC has received a significant blow in their transfer plans as Michael Olise, the 21-year-old winger, has chosen to sign a new contract with Crystal Palace instead.

Heavily Linked to Stamford Bridge

The young talent had been strongly linked to a move to Stamford Bridge.

New Contract Sealed

Despite reports that Olise had agreed to personal terms with Chelsea and that Palace had accepted a £35m fee for his transfer, the deal is now off after the player signed a new four-year contract with Crystal Palace.

Delight from Eagles Chairman

Expressing his excitement, Crystal Palace chairman Steve Parish took to Instagram to announce the news and share a photo with Olise. He captioned the post by saying, "I’m absolutely delighted to announce that Michael Olise has decided to commit his future to Crystal Palace football club and this afternoon signed a new four-year deal with the club."

Subtle Dig at Chelsea

Parish's caption seemed to subtly mock Chelsea, with the final line stating, "@m.olise is an…"

More updates to follow.