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Report: Rumoured Spurs target’s release clause is only valid for one more week

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Fabrizio Romano has said that the €60m release cause in Dani Olmo’s contract will expire in a little over a week, with Tottenham and other interested clubs thus needing to act fast if they wish to sign the RB Leipzig star.

Photo by Nicolò Campo/LightRocket via Getty Images

Dani Olmo’s release clause is set to expire

While several outlets suggested earlier in the summer that Spurs were one of the leading contenders to secure Olmo‘s signature (Sport BILD via Sport Witness), the speculation linking the winger with a move to the North London club has died down over the last couple of months.

Other clubs seem to have moved into the front of the queue for the Spain international, with Sky Germany reporting earlier this week that Manchester City are keen on acquiring the player’s services.

On Thursday, Football Transfers claimed that Manchester United and Bayern Munich were in pole position to land the attacking midfielder, with both clubs said to have reached out to the player’s agent.

It was alleged that the Bavarians and the Red Devils were both ready to press ahead with moves for the 26-year-old once he returned from the Euros.

(Credit: Adidas)

Olmo has expressed for Spain at Euro 2024

Romano has now said that the race for Olmo’s signature remains open, with the player’s entourage set to meet with potential suitors soon.

The journalist told CaughtOffside: “I want to start with an important update on the situation of Dani Olmo. From what I’m told, there is an important detail on Olmo’s €60m release clause.

“The plan was for the clause to run until Monday 15 July, but if the Spanish national team were to reach the final of the Euros, it would then run for five more days (now until 20 July).

“I’ve been asked about reports in England linking Olmo with Chelsea, but at the moment I’m told they are not negotiating for him. Chelsea already have Cole Palmer, Noni Madueke and then Kendry Paez and Estevao Willian to come later, so it’s not something concrete for Chelsea at this stage.

“But he can be an option for many other clubs. So what’s going on with Olmo? I’m told that there are meetings expected with Premier League clubs, while Bayern also appreciate this opportunity.

“But it could be really complicated to negotiate with Leipzig if they’re not fast and the date of his release clause being valid passes. It would take a lot more than €60million to sign Olmo after 20 July.”

Spurs Web Opinion

With the release clause only active for a few days after Sunday’s Euro 2024 final, I would expect a mad scramble from various sides for Olmo.

I doubt Tottenham would want to get involved in that battle, with the Lilywhites now seemingly focused on the likes of Eze and Doue.

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