Michael Olise has signed a new four-year deal at Crystal Palace (Picture: Getty)

Michael Olise has appeared to snub transfer interest from Chelsea after signing a contact extension at Crystal Palace.

Chelsea were set to sign the 21-year-old after activating a £35m release clause in his contract, but Olise has decided to sign a new four-year deal instead.

Olise’s contract extension is a huge boost for the Eagles after the winger also attracted interest from Manchester City earlier in the summer window.

Palace chairman Steve Parish posted on social media: ‘I?m absolutely delighted to announce @m.olise has decided to commit his future to Crystal Palace football club and this afternoon signed a new four year deal with the club.’
Roy Hodgson, the club’s manager, added: ‘It’s the best possible news we could have. The decision has been his [Olise’s]. I must congratulate Steve Parish and Dougie Freedman on a fantastic job.’

Olise joined the south London side from Reading in 2021 and impressed last term with 11 assists in the top-flight – as he became the first Palace player ever to claim 10 or more in a Premier League season.

He was named the Crystal Palace Players? Player of the Season for the 2022-23 campaign, with Chelsea and City keen to tempt him into a summer switch.

😄 pic.twitter.com/6qbyq9zvRU— Crystal Palace F.C. (@CPFC) August 17, 2023

But the France U21 international ...