Major decision made on Chelsea target Dani Olmo's release clause as Fabrizio Romano gives huge transfer update

A major decision has been made about Chelsea transfer target Dani Olmo.

Spain midfielder Olmo has been one of the stars of Euro 2024, scoring three goals and providing two assists despite starting just three of Spain's six games.

On Tuesday the RB Leipzig man scored the decisive goal in Spain's 2-1 semi-final win against France, sending his country to the final of a major tournament for the first time since 2012.

Olmo has been linked with a move to several European giants in recent years, but it now appears that Chelsea could finally bring him to the Premier League.

As reported earlier this week, there is a release clause in the 26-year-old's Leipzig contract worth €60 million (£50.5m).

The clause was inserted into the contract Olmo signed last year, valid until 2027.

Chelsea faced a race against time to snap up the star for that price though, as the release clause was set to expire on Monday July 15.

However, according to Fabrizio Romano, the expiry date of the clause has been pushed back to July 20 due to Spain's progress at Euro 2024.

The journalist claims that there was always the possibility that the clause was pushed back should Spain reach the final of Euro 2024, which they have.

Spain will take on England at the Olympiastadion in Berlin on Sunday, July 14.

This development gives Chelsea five extra days to activate the clause and then agree personal terms with Olmo, something that would have been difficult before Sunday's original deadline.

If Chelsea do not activate the release clause in time, then Leipzig will likely demand between £60m and £70m for Olmo.

Barcelona, Real Madrid and Manchester City are also believed to be interested in signing Olmo, although Liverpool are unlikely to make an offer for the Spaniard.