Crystal Palace have confirmed Michael Olise has rejected the opportunity to join Chelsea and signed a new four-year contract to stay at Selhurst Park.
Chelsea activated a £35m release clause in Olise’s contract at Palace this week and appeared close to completing a deal for the France Under-21 forward. However, the Palace chairman, Steve Parish, was determined not to lose one of his prized assets after seeing Wilfried Zaha join Galatasaray on a free transfer and made a concerted effort to persuade Olise not to leave during talks on Wednesday evening.