Pardew left Newcastle for Palace in January, and with ten wins from 17 games in charge, he has made a superb start to life at Selhurst Park.
Yet, in order to continue that fine work so far, Pardew will be looking to bring in some new players this summer, in a bid to improve the Eagles squad.
Now, according to the Daily Mail, Pardew will look to launch an audacious bid to sign Paris Saint-Germain midfielder Yohan Cabaye.
Pardew signed the French international midfielder for Newcastle back in the summer of 2011, and hit 18 goals in 93 games for the Magpies before being lured back to France by Paris Saint-Germain.
However, with just 18 starts in all competitions this season, Cabaye has been a bit-part player under Laurent Blanc, and is stuck behind the likes of Marco Verratti, Thiago Motta and Blaise Matuidi in the midfield pecking order.
The 29-year-old still has undoubted quality, and a reunion with his former boss Pardew could be appealing - but it may hinge on a prospective takeover at Selhurst Park.
The Daily Mail note that Philadelphia 76ers owner Josh Harris is likely to take over the club this summer, and that could present Pardew with funds to play with in the transfer market - and signing Cabaye would be the perfect way to kick off a new era.