Crystal Palace shareholder John Textor has received an offer to sell his stake in the club - which could clear the way for the Eagles to compete in the Europa League next season.
Woody Johnson, the owner of NFL franchise the New York Jets, wants to buy Textor's stake in Palace, according to BBC Sport sources.
Crystal Palace have tried to convince Uefa that they should be allowed to participate in the competition, with a decision expected to come towards the end of the month.
Uefa rules forbid individuals from having control of more than one club in the same competition to avoid conflicts of interest.