Kaikai is highly regarded within the corridors of power at Selhurst Park after joining the club's academy at the age of 15.
The skilful winger has worked his way up to the fringes of the first team and made his debut in the Capital One Cup last season, scoring in the 3-2 defeat to Newcastle United.
Kaikai is unlikely to break into Alan Pardew's first team this season, and Palace are willing to let Kaikai to go out on loan this season so that he can get valuable first-team action and experience under his belt.
The exciting attacker has enjoyed two spells out on loan in the last 18 months at Crawley Town and Cambridge United.
Kaikai caught the eye during his spell at Cambridge, scoring six goals in 28 appearances and winning the club's Young Player of the Year award.
Palace are keen for Kaikai to now go on loan to a higher level so that he can continue his development and the news has alerted several Championship sides.
Forest, Fulham and Bolton are all understood to have made enquiries for Kaikai as they look to bolster their attacking options.