Las Provincias reports the former Barcelona attacking midfielder was robbed by two individuals last Friday in Valencia.
The 24-year-old Spaniard was attacked in the middle of the street as he left his hairdresser and had a watch stolen worth €30,000.
Olmo was accompanied by his brother. The latter tried to prevent the theft by pursuing the thieves' vehicle and was slightly injured.
Olmo filed a complaint with the Spanish police following the violent robbery.
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