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Chelsea Football Club is on the cusp of finalizing their second acquisition of the summer, overtaking Newcastle United in the race. Michael Olise, the Crystal Palace forward, has reportedly consented to personal terms with Chelsea. The 22-year-old has drawn significant attention following a noteworthy season where he netted 10 goals in 19 Premier League matches for Palace in the 2023-24 season. This performance has attracted interest from major clubs such as Manchester United, Newcastle United, Liverpool, and Chelsea.

Renowned transfer analyst Ben Jacobs has indicated that Newcastle United have been outbid for the player, who is valued at £60 million. Olise had initially reached an agreement to join Chelsea in the previous summer, but the transfer did not come to fruition. Currently, he has once again verbally committed to terms with Chelsea. According to GIVEMESPORT, Chelsea is in active negotiations with Crystal Palace concerning the payment structure for Olise’s release clause, which exceeds £60 million.

Olise’s football journey includes seven years in Chelsea’s academy before moving to Manchester City and Reading, eventually joining Crystal Palace in 2021. Although Manchester United continues to express interest in Olise, they may find some comfort in Chelsea’s past difficulties in completing a deal for him.

Despite the setback in pursuing Olise, Newcastle United remains in search of a right winger this summer. They have shown interest in West Ham United’s Jarrod Bowen; however, the cost might also be prohibitive. Additionally, Newcastle is assessing the potential of 19-year-old Yankuba Minteh, who enjoyed a successful loan period at Feyenoord, scoring 11 goals. Minteh is valued at £40 million by Newcastle, and they are currently contemplating his future with the club.