Crystal Palace part-owner John Textor is advancing in talks with New York Jets owner Woody Johnson to sell his stake in the Premier League side.
The deal - understood to be worth in the region of £190m - could be key towards boosting the club's hopes of being cleared to play in Europe next season.
Insiders with knowledge of the proposed deal have indicated that Johnson is ahead of two other parties in the race to purchase the 43% stake in Palace owned by Eagle Football Holdings – Textor's multi-club company.
Sources insist a deal for Johnson to purchase Eagle's stake in the Selhurst Park club is yet to ratified, but is in its closing stages.