Done deal: Chelsea signed up Crystal palace winger for just £39m as he arrives London with agent today to complete paperwork and shirt number

Chelsea fans have been thrown into frenzy and celebrating mood regarding the latest transfer news emanating from Stamford Bridge

According to Goal sources, Chelsea have reportedly reached an agreement in principle to sign the Crystal Place star, and have offered the club £39 million for the midfielder.

Chelsea are actively pursuing Michael Olise and have tabled an opening bid of £39m ($51m) including add-ons, according to RMC Sport. Olise, who suffered a hamstring injury at the European U21 Championships with England, is intrigued by the prospect of joining the Blues and has agreed in principle to the move.

Fabrizio Romano has reported that Manchester City are also interested in Olise, who recorded two goals and 11 assists in 37 Premier League games for Palace last season. However, Olise's hamstring tear has raised concerns about his availability at the start of the season, prompting both City and Chelsea to seek clarity on the extent of his injury.

While an agreement in principle has been reached between Olise and Chelsea, the transfer is still subject to finalising a fee with Palace and resolving any injury-related concerns. As negotiations continue between the player and the clubs, the potential move to Chelsea remains an exciting prospect for Olise.