Crystal Palace have agreed terms with Loic Remy according to a report in the Express newspaper.
Remy is keen to remain in London and is open to working under his former manager Alan Pardew.
The French international spent the 2013-14 season at Newcastle under Pardew where he scored 14 goals in 26 appearances.
The Telegraph report that Remy is considering his future after falling down the pecking order behind recent loan signing Falcao.
The Black Eagles are in the market for a striker after Chinese giants Shanghai Shenhua snapped up Demba Ba for €14 million.
Beşiktaş have made it clear that they will sign a replacement striker and have also been linked with Hull City forward Dame N’Doye. The Black Eagles have also been closely linked with a move for FIorentina’s striker Mario Gomez.
Remy – who has three years remaining on this contact with the Blues – provided two assists and scored nine goals in 29 appearances in all competitions for Chelsea last season.