
The Eagles could demand an affordable price of £40m to sign Olise this summer, which could be reduced to £35m if they get relegated from the Premier League. Olise's contract at Selhurst Park may include a release clause of an unspecified value, and he is reportedly an Arsenal supporter.
Arteta views Olise as an ideal backup to Bukayo Saka, who currently has Reiss Nelson and Fabio Vieira as cover at the Emirates. Nelson's future is uncertain, and he is believed to be on the radar of Brighton & Hove Albion, but Arsenal is reportedly in talks with him over an extension. Should Nelson leave, Olise would be a natural replacement.
The London-born youngster is under contract at Crystal Palace for another three years, has represented France internationally from the Under-18 level, and is eligible to play for England, Algeria, or Nigeria at the senior level. Arsenal is also rumored to be considering a summer move for 17-year-old Flamengo starlet Matheus Goncalves to bolster their youthful attacking talent.