Bayern Munich Sign Crystal Palace’s Michael Olise for €70 Million

Bayern Munich have signed French forward Michael Olise from Crystal Palace, as announced on Sunday. According to the German magazine Kicker, Bayern paid a release clause of €70 million ($75 million) for Olise, who has signed a five-year contract.

Olise, 22, completed his medical in Munich and expressed his excitement about the move, stating, “It’s a great challenge, and that’s exactly what I was looking for. I want to prove myself at this level and play my part in ensuring that we win as many titles as possible with our team in the coming years.”

Born in London, Olise has represented France’s youth teams and is set to play for Les Bleus under coach Thierry Henry at the Paris Olympics in August. He had a standout season with Crystal Palace, scoring 10 goals and providing six assists in 19 Premier League games.

Bayern’s sporting director, Max Eberl, highlighted Olise’s potential impact: “We want new impetus in our team, new energy, new ideas – that’s what players like Michael Olise stand for. We’re very much looking forward to having him here. He will enrich our game.”

Olise is Bayern’s second major signing of the summer, following the acquisition of Japan defender Hiroki Ito from Stuttgart. Bayern, who finished third in the Bundesliga last season, are looking to bolster their squad after a disappointing campaign that saw them break an 11-year streak of titles. Other than Harry Kane, who scored 36 goals, the team struggled offensively, with Jamal Musiala being the only other player to reach double figures in goals.

In addition to Olise, Bayern are reportedly close to finalizing a deal for Fulham midfielder Joao Palhinha and have shown interest in Leverkusen defender Jonathan Tah and RB Leipzig forward Xavi Simons.