Crystal Palace boss Pardew is looking to bring the highly rated Newcastle youngster to London.
The 18-year-old - son of Magpies' coach Andy Woodman - is considered one of the brightest prospects in the Newcastle academy, and he has already featured on pre-season under Steve McClaren.
An England youth international, capped at every level from Under-16 to Under-19, Woodman is aware that first-team chances will not come around soon at St James’ Park, and the Magpies want to loan him out this season.
The report states that Oxford United have made enquiries into a potential loan signing, but Palace have also been circling the youngster ahead of making a permanent offer for the stopper.
Woodman would not be ready to take over from the Argentine ‘keeper straight away, but he would be the perfect mentor for the youngster, who would just be breaking into his early 20’s when starting to feature consistently in the Palace first-team.
The Magpies have no desire to sell Woodman, considering his reputation in their academy system, but he could be tempted to move to Selhurst Park if a path to the first-team is more likely than on Tyneside.
It is not stated whether Palace have started formalising their interest in Woodman, but if they are truly interested in signing the youngster, a bid could be expected in the coming weeks.