Bayern Munich is initiating the process of paying the buyout clause for a Premier League star

Bayern Munich is initiating the process of paying the buyout clause for Crystal Palace's star Michael Olise, according to Fabrizio Romano. The Munich club has already informed the Londoners about this.

The fixed payment for the player amounts to £45 million, with an additional £5 million in bonuses as part of the deal.

The personal terms of a five-year contract between Bayern and the player were agreed upon yesterday.

Previously, it was reported that Crystal Palace had offered its star a new contract. This agreement is set until 2025.

Notably, three clubs have requested permission from Crystal Palace to start negotiations with Olise's representatives, including Chelsea and Newcastle.

Last season, Olise missed a significant amount of time due to injury, but in the 19 matches he did play, he scored 10 goals and provided 6 assists.