BREAKING: Chelsea pull out of race to sign Michael Olise.

 Chelsea | News | Transfers 

Per the Athletic's David Ornstein, Chelsea have pulled out of the race to sign Michael Olise.  Chelsea made what they believed to be their strongest offer but felt the finances involved were beyond reach and chose not to proceed.

The Stamford Bridge hierarchy are aiming to create a more disciplined wage bill than in the past and if a transfer target does not fit into that they would rather reward existing players who out-perform over time or invest in new elite talent on more reasonable salaries.

While there is no doubt about Chelsea’s pursuit of Olise — for the second summer running — its potential impact on their squad balance and depth meant the conditions needed to be right.

They already have left-footed attackers in the form of Cole Palmer, Noni Madueke, Omari Hutchinson and Angelo Gabriel. Estevao Willian and Kendry Paez are scheduled to follow in 2025.

Despite hopes ending of Olise being added to that list, Chelsea’s talks with his representatives and Palace chairman Steve Parish are said to have been very cordial.

According to the report, new manager Enzo Mareca is likely to have at least two attackers added to his squad this summer as the Blues look to kick on and push for Champions League qualification next season.

Olise’s future will almost certainly continue to be a talking point over the coming weeks with both Manchester clubs linked with a move for the French Under 21 star.