Chelsea allowed Michy Batshuayi to join Valencia on a temporary deal for this season.
Los Che want to cancel the loan agreement after his struggles and the Blues want to find a new club for the 25-year-old.
According to Belgian newspaper Het Laatste Nieuws, the west London club offered the player to Crystal Palace in the winter market, but he is ‘not an option’ for them now.
It is claimed that Roy Hodgson’s side initially thought the former Standard Liège man’s profile was considered ‘interesting’, but that no longer seems to be the case.
The Eagles do not want to wait any longer as they have set their sights on bringing a young striker to Selhurst Park.
Batshuayi has struggled to impress for Valencia, scoring one goal each in the La Liga and the Champions League, which came from 19 appearances in all competitions.
HLN reports the Belgium international now needs to find a new club and AS Roma, AC Milan and his former club Marseille are monitoring the situation.