Chelsea have made a £39million offer for Crystal Palace star Michael Olise, according to reports in France.
The 21-year-old France youth international has reached an agreement in principle with the Blues, as per RMC Sport.
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A ‘very attractive’ contract offer has been sent Olise’s way, but it’s claimed several clubs are looking to rival Chelsea, with Paris Saint-Germain and Manchester City mentioned.
Olise was previously in Chelsea’s academy from 2009 to 2016, before moving to City, and then Reading where he rose to prominence.
The London-born versatile attacker – capable of playing as a winger or attacking midfielder – had a prolific season last time out with two goals and 11 assists in the Premier League.
Along with a healthy pay increase, Chelsea can also offer Olise the chance to play alongside a number of his fellow countrymen in Wesley Fofana, Christopher Nkunku, Benoit Badiashile and Malo Gusto.


Should he return to west London, he would link up with younger brother Richard, who is in Chelsea’s academy.
Olise featured for France at the European U21 Championships, but unfortunately picked up a hamstring tear which will see him miss the start of the Premier League season.
He still has ambitions of making Les Bleus’ senior team, though, with a move to Chelsea potentially drawing Didier Deschamps attention.
After breaking the record spend for a season with over £600m paid out across the past two transfer windows, Chelsea are once again active in the market.
Christopher Nkunku has arrived from Leipzig for £52m, and he was recently joined by striker Nicolas Jackson who left Villarreal for £32m.
Brazilian winger Angelo is another player to arrive at Stamford Bridge for a reported £13m, but the London side have also been busy selling players too.
Kai Havertz, Mason Mount, Mateo Kovacic, Kalidou Koulibaly, Christian Pulisic, Eduoard Mendy, Ruben Loftus-Cheek and Ethan Ampadu have all brought in cash, equating to an estimated £218m heading into Chelsea’s bank account.