Olise signs four-year Crystal Palace contract amid Chelsea interest

Michael Olise has committed his future to Crystal Palace by signing a new four-year contract amid interest from Chelsea, Eagles owner Steve Parish has confirmed.

The news comes a day after it was reported Chelsea had activated a £35m release clause in Olise's previous contract with Palace.

The France U21 international, who is currently recovering from an injury sustained over the summer, registered 11 assists and scored twice for the Eagles last season.

Speaking on Thursday, Palace manager Roy Hodgson said: "It's the best possible news we could have. The decision has been his.

"We’ve been concerned, as one is concerned when a club of Chelsea’s stature start to take an interest in a player and suggest that a move to them might be the best bet.

"I’ve always hoped that wouldn’t be the case and that Michael would realise that, at such a young age, his future here is very bright. We can help him move very quickly to another level.