BREAKING NEWS: Chelsea target Michael Olise signs shock new four-year Crystal Palace deal – after Blues activated £35m release clause – with Steve Parish revelling in plot twist after tapping-up storm

Michael Olise has turned Chelsea down and has committed to another four years at Crystal Palace, Eagles chairman Steve Parish has revealed.

The winger was due to move to Stamford Bridge after The Blues activated his £35 million release clause, but it appears he has turned around.

In an Instagram post, Parish wrote: “I am absolutely delighted to announce that @m.olise has decided to commit his future to Crystal Palace football club and signed a new four-year deal with the club this afternoon.”

The news came after Mail Sport revealed Olise’s proposed move to Chelsea unfolded amid concerns over ‘wiretapping’.

Palace officials were aggravated by Chelsea’s interest in the France Under-21 international and were angry that the Blues had crossed the line with their behavior in attempts to sign the player.

Olise’s proposed move to Chelsea unfolded against a backdrop of ‘draining’ concerns

Chelsea, who have spent huge sums on new players with nearly £1bn spent in 14 months of Todd Boehly’s ownership, submitted a formal offer they believe triggered Olise’s release clause.

There were concerns at Selhurst Park that Chelsea’s possible attack on Olise was against transfer rules and etiquette.

Sources indicated that the South London club had considered formally reporting their Premier League rivals over an illegal rapprochement.

But Olise has now committed to the Eagles following the five-year contract he signed with Palace when he joined from Reading in July 2021 for £8.37 million.

More to follow.