'BACK TO ENGLAND': Chelsea finnaly agree to sign pay upwards of £50m to re-sign their former player

Report: Chelsea will now have to pay upwards of £50m to re-sign their former player, was only bought for £8m

Chelsea will reportedly be required to fork out quite a lot of cash to bring Michael Olise back to the club.

According to The Athletic, Crystal Palace are currently in the process of negotiating a new contract for the attacker, one that is set to raise his transfer value rather dramatically.

Palace apparently want to add another 12 months onto Olise’s existing deal, committing him to the team until potentially 2027.

The purpose of this extra extension is apparently to increase his stock to a level the Eagles will receive a club-record fee for the player’s services some time down the line.

Bought for just £8m (Athletic) from Reading last summer, The Athletic claim the Frenchman’s price tag could shift to upwards of £50m.

This is the figure Manchester United paid for Aaron Wan-Bissaka in 2019, Palace’s biggest ever sale to date.

Olise could well eclipse this sum after a few more seasons in the Premier League, where he has already attracted plenty of praise from across the board.

He has scored four times and provided eight assists in 31 appearances for Patrick Vieira this term.

The 20-year-old is very much at the forefront of Vieira’s young, exciting and extremely promising side.

Also at the heart of the Selhurst Park revolution has been Conor Gallagher and Marc Guehi, two individuals cut from the same cloth as Olise.

All three were raised in Chelsea’s academy, before heading their separate ways.

Guehi moved to Palace permanently at the beginning of the campaign, where he was joined by Gallagher, but only as a loanee.

They have since partnered up with Olise, who was released by the Blues as a 14-year-old in 2016.

Now, his former employers reportedly want to re-sign him, having seen him flourish across the capital.

But the ex-Chelsea product won’t come cheap, nor probably for a while, as he continues to establish himself in another section of London.