Chelsea backed out of signing Michael Olise due to financial concerns and their focus on other transfer targets.

Extremely annoying.

June 21st 2024.

Chelsea backed out of signing Michael Olise due to financial concerns and their focus on other transfer targets.
Chelsea has decided to withdraw from the competition to secure the signature of Michael Olise from Crystal Palace. The reason behind this decision was the player's high wage demands. This news came as a disappointment to the Blues, who had come very close to signing the promising winger last summer. However, Olise had a change of heart at the last minute and opted to sign a new contract instead.

Despite this setback, Chelsea renewed their interest in Olise earlier this month after recognizing his impressive performance towards the end of last season. Under the guidance of Oliver Glasner, the young French international had become one of the most dynamic attacking players in the Premier League. The club even started formal negotiations with Crystal Palace last week and were in talks with the player himself.

According to reports, Olise, who is now on his way to Bayern Munich, demanded to become the highest-paid player at Chelsea. However, the club was not willing to break their strict wage structure for one of their top targets. As reported by The Athletic, Chelsea has adopted a more disciplined approach towards player salaries and would rather reward their existing first-team members, when deemed appropriate.

Despite missing out on Olise once again, Chelsea's new coach Enzo Maresca will have a plethora of options for wingers in the upcoming season. With talented players like Raheem Sterling, Noni Madueke, Cole Palmer, and Mykhailo Mudryk on their squad, the Blues can afford to miss out on Olise without causing a major setback to their recruitment plans. Moreover, they have two South American prodigies, Estevao Willian and Kendry Paez, joining their team in 2025, with Willian being the most highly anticipated one.

In an interview earlier this week, former Arsenal star Julio Baptista expressed his admiration for Chelsea's latest acquisition, Estevao Willian. However, he also raised concerns about the pressure that comes with being compared to a player like Lionel Messi. Baptista believes that the talent coming out of Brazil is exceptional, but the high expectations can sometimes be overwhelming for young players.

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