Michael Olise release clause in Crystal Palace contract revealed amid Man City interest

Crystal Palace star Michael Olise has a release clause in his contract amid transfer interest from Manchester City, Fabrizio Romano has revealed.

Olise has been linked with a move to the Etihad Stadium this summer following the departure of Riyad Mahrez to Saudi Pro League side Al Ahli.

Palace boss Roy Hodgson has admitted that the club face a 'fight' to keep the France youth international winger due to interest from several parties.

As well as City, Chelsea are also said to be interested, and have reportedly already placed a bid for the 21-year-old.

Olise arrived at Selhurst Park in 2021 from Championship side Reading, and quickly made a major impression.

An attacking midfielder who can also play as part of a midfield three or as a winger, he provided 11 assists in the Premier League last term - one of only six players to reach double figures.

With Palace having already lost talisman Wilfried Zaha to Galatasaray this summer, they can ill-afford for another one of their key players to leave.

But that is exactly what may happen, due to the presence of a release clause in Olise's contract.

Michael Olise Crystal Palace release clause revealed

According to Romano, Olise's release clause is worth £35 million - a potentially attractive option for both City and Chelsea.

Quoting his original report, Romano wrote on Thursday: "Release clause confirmed. Man City and Chelsea interest confirmed. Olise, one to follow in the next days/weeks."

There may be a significant stumbling block for both sides, however, with Olise currently recovering from a hamstring tear that he suffered while playing for France at the U21 Euros.

Revealing the extent of the problem, Hodgson explained (quotes via London Evening Standard): "It was a serious injury which required an operation. He's well into his rehabilitation but it's going to take a bit longer for him to recover ... we certainly won't be seeing him for a period of time."

One option for City and Chelsea, therefore, could be to make a move for the attacking midfielder in January - but there could still be significant movement during the current transfer window.