The midfielder has reportedly agreed personal terms in principle with The Eagles.
Palace’s agreement with Paris Saint-Germain over a fee was reported by the Guardian yesterday and the only potential stumbling block was the 28-year old’s personal preference.
It now appears that Alan Pardew has convinced Cabaye of the Palace project and a reunion with his former Newcastle United colleague is imminent.
The midfielder will join for around £10 million, rising to £13 million with add-ons, and will smash The Eagles transfer record.
The Frenchman joined PSG from Newcastle for in January 2014 but started just 13 games last season and believes a move, and regular football, is vital for his Euro 2016 ambitions.
Conflicting reports have emerged, via the Daily Star, claiming a late West Ham United move could scupper Palace's plans, but a deal collapse would seem unlikely at this stage with the player hopeful of linking up with his former manager.
His signing will represent Pardew’s first major addition this summer and would be one indicative of the growing ambition at Selhurst Park.