Michael Olise has joined Bayern Munich from Crystal Palace, the clubs announced on Sunday.
Olise, who has a five-year contract with Bayern, scored 10 goals in 19 Premier League games last season, despite missing much of the year through injury.
“Michael Olise is a player who can make the difference and has aroused great interest with his style of play,” Bayern Munich sporting board member Max Eberl said in a statement.
“We want a new impetus in our team, new energy, new ideas. That's what players like Michael Olise represent. During the talks, he quickly made it clear that he really wanted to join FC Bayern. We're looking forward to having him. He will enrich our game.”
Sources told ESPN that the 22-year-old winger had strong interest from Manchester United, Chelsea and reportedly Newcastle, but ultimately settled on a move to the Bundesliga, linking up in attack with Bayern No.9 Harry Kane.
“It's a great challenge and it's exactly what I was looking for,” Olise said in a post on Bayern X.
Crystal Palace chairman Steve Parish said in a statement: “We are hugely proud of what Michael has achieved at Crystal Palace, a club where he has developed tremendously as a player.
“We respect his desire to continue to test himself at the highest level of world football and I would like to personally wish him all the best for his next adventure with Bayern Munich in Germany, which I am sure we will all be following closely.”
Chelsea's attempts to sign Olise have been held back by the potential cost of the deal, sources have told ESPN, with the France Under-21 international set to cost Bayern around £60 million ($76.8 million) after they triggered the release clause in his contract.
Olise made 19 appearances for Crystal Palace last season, scoring 10 goals despite missing much of the season with a hamstring injury.
He is due to travel to Paris in July, having been selected for the French team that will take part in the Olympic football tournament.
