The London club is just one of several teams interested in potentially acquiring Raheem Sterling in a deal.
The Chelsea winger is on the market, as the club want to get his wages off their annual bill.
Per the Evening Standard, Palace may see Sterling as a replacement for Michael Olise.
The winger left early in the summer window for Bayern Munich and has not been replaced.
While they have added the £12.5 million signing of Ismaila Sarr, he is more of a squad option.