Manchester City alerted to release clause in Crystal Palace star’s contract – competition from Man United, Chelsea, Arsenal

Premier League champions Manchester City have been ‘alerted’ to a release clause in excess of £50 million embedded into the contract of Crystal Palace’s Michael Olise.

Etihad Stadium transfer bosses are expected to be in the market for a new winger when the summer market re-opens following the conclusion of the ongoing season, with a number of names having already been shortlisted.

Alongside the likes of City Football Group’s Savinho – currently on loan at La Liga high-flyers Girona, City also hold a level of interest in Wolverhampton Wanderers’ Pedro Neto, and some expected the strong relationship between the two clubs to prove beneficial.

However, the Portuguese international winger is not the only option emerging for Manchester City from within the Premier League, with a new report detailing potential interest in a name discussed during the previous summer transfer window.

This time around, there is the added bonus of a hugely attractive release clause, if the latest information to emerge proves to be accurate come the summer transfer market.

As per talkSPORT’s Alex Crook, Manchester City have been alerted to a release clause in Michael Olise’s newly-signed Crystal Palace contract, alongside the likes of Chelsea and Arsenal, believed to be ‘well in excess of’ £50 million.

The trio of clubs are also likely to face competition from Manchester United should they wish to proceed with interest, according to the same report, after new Old Trafford minority shareholder Sir Jim Ratcliffe put Olise at the top of his shopping list.

Elsewhere and Manchester City bosses are also expected to explore the possibility of recruiting in defensive midfield, with the longer-term future of England international Kalvin Phillips looking hugely uncertain.

The 28-year-old is widely expected to leave the club on a permanent agreement in the summer market, having largely failed to convince Pep Guardiola of his ability to stand-in for Rodrigo at the base of Manchester City’s three-man midfield.