Bayern Munich have signed winger Michael Olise from Crystal Palace for about 60m euros (£50m).

The 22-year-old English-born France Under-21 forward, who has been selected in the France squad for the Olympics that start in Paris later this month, has signed a five-year deal.

Chelsea and Newcastle United registered their interest in Olise earlier this summer but the winger has chosen to move to Germany, where he will work under Bayern’s new manager Vincent Kompany.

Meanwhile, Portuguese defender Renato Veiga is set to undergo medical as new Chelsea player.

The 20 year old Veiga, who is a defensive midfielder can also play as a central defender or fullback, is to sign contract valid until June 2032.

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