Bayern Munich have signed winger Michael Olise from Crystal Palace on a five-year deal after paying a release clause worth about £60m.
The 22-year-old, an English-born France Under-21 forward, came through the ranks at Reading and made 90 appearances in all competitions during three seasons for the Eagles.
He joined the Eagles from Reading for £8m back in July 2021.
Chelsea and Newcastle United were both interested in Olise earlier this summer, but instead the winger has chosen to make the move to Germany where he’ll be managed by Bayern’s new manager Vincent Kompany.
“I am very happy now to be playing for such a big club, it is a great challenge and that’s exactly what I was looking for”, said Olise.
I want to prove myself at this level and do my part in making sure that we win as many titles as possible in the coming years.”
Olise scored 10 goals in 19 Premier League appearances as Palace finished 10th in the table last season.
He has been selected in the France squad for the Olympics that start in Paris later this month.
“We are immensely proud of what Michael has achieved at Crystal Palace, a club at which he has developed enormously as a player,” said Eagles chairman Steve Parish.
“We respect his ambition to further prove himself at the highest level of world football.”
Bayern are also set to finalise the capture of Fulham’s Joao Palhinha in a £42m deal plus £4m in add-ons.
The 28-year-old Portugal midfielder, close to joining Bayern last summer, saw a deal collapse on deadline day.
England defender Eric Dier has also joined the Bundesliga club permanently following a spell on loan from Tottenham Hotspur since January.
Bayer Leverkusen ended Bayern’s 11-year hold on the German title last season.