Michael Olise | Bayern Munich Player

This is interesting and may be a sign of things to come. Whilst Chelsea can fiddle the books with these eight year amortisation contracts, they can’t fiddle their wage bill, looks like Palace gazumped the Chavs on wages.
 
Possible medical issue?
Chelsea hitting FFP/financial issues? Maybe they still want that striker.

I'm glad, I think. It's good to have promising young English players at mid-lower table clubs.
 
New deal to get rid of the release Clause?
Or just bump it up, £35m is peanuts these days for a player with his age and ability.

Kind of makes sense, means he can focus on recovering from his injury, properly recover without worrying too much about breaking into a new team. Probably a big pay bump and signing on fee.

Then even if there's no release clause if he's still there in a couple of years with two years left he starts to be a in a strong position to renegotiate or get a move.
 

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