Reading FC midfielder Michael Olise is closing in on a move to Crystal Palace.

The Reading Chronicle understands that the South London side has agreed to pay Olise's release clause of £8m.

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Olise caught the eye of a number of clubs across the country for his stellar performances during the 2020/21 season, scoring seven goals and picking up 12 assists.

Previously, Royals boss Veljko Paunovic has said that he was 'not aware' of a release clause in Olise's contract.

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However, it now appears the club are set to lose one of the brightest talents to emerge at the Madejski Stadium for several years for a relatively low fee.