Eagles boss Alan Pardew worked with the France international during his time at Newcastle, and with the 29-year-old said to have fallen out of favour at the Ligue 1 champions, he is now ready to make his move.
Pardew led Palace to a 10th-placed finish in the Premier League and has told the owners of the South London club that he now wants to try and take them to the next level.
Cabaye made 32 appearances in all competitions for PSG last season, scoring two goals.
