Crystal Palace chairman Steve Parish has confirmed that Michael Olise has signed a new four-year contract, with the club fighting off transfer interest from Manchester City and Chelsea.
City have been linked with a move for Olise this summer, following the £30million departure of Riyad Mahrez to Saudi Arabian side Al-Ahli.
Pep Guardiola had identified the 21-year-old as one of several options, alongside Jeremy Doku of Rennes. There has been some confusion regarding a reported £35m release clause inserted into Olise's contract.
Earlier this week, the Athletic suggested that was present amid reports that Chelsea had activated it and expected to sign the French youth international imminently. ALSO READ: Bernardo set to sign new deal after transfer enquiries However, any potential suitors were dealt a shock blow on Thursday afternoon when Parish took to social media to announce the signing of a new deal.
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