Crystal Palace have signed Michael Olise from Reading on a five-year contract for an undisclosed fee until June 2026.
Olise’s decision to move to Selhurst Park comes after a breakthrough season at Reading last season with seven goals in 46 appearances across all competitions, having previously failed to score in 26 previous appearances across 2018-20 seasons.
Having missed out on last season’s Championship Play-Offs following a late-season slump of one win in Reading’s last 11 matches, Olise describes his move up to the Premier League as “a big moment” for his career at 19 years-old.
Olise also spoke of his new teammates and new manager, Patrick Vieira as being of “good” quality and can’t wait to get the season started away at Chelsea next month.
Palace have confirmed that Olise will wear the no.7 shirt which has previously been worn by Yohan Cabaye amongst other players.
Club Chairman, Steve Paris added that he is “delighted” to sign Olise after monitoring him “extremely closely for an extended period of time,” and has spoke of feeling “impressed” by Olise’s consistency in performance at Reading.
Parish also indicated that Olise’s “abundance of talent” will not only excite supporters but also provide a clear intention of Palace’s transfer plans in this summer transfer window, which looks destined to be boosting the roster of young players to go with the experience already in the squad.
Manager, Vieira added that he believes that Palace do “have the tools” to help Olise develop into a top player, having scouted him for several months as part of plans to freshen up the squad with “young talent” after signing Nathan Ferguson and Eberechi Eze last summer.
Reading also released a short statement in which they confirmed that they had received a club ‘record’ transfer fee for Olise, whilst also wishing the French Under-18 international ‘the very best of luck at Selhurst Park and in his future career.’