Pardew's side were rated as fourth favourites to sign the 26-year-old, based on Sky Bet odds, but now appear to be out of the running.
Austin, already top scorer in the Championship, has been linked with a huge number of sides all summer. The bookmakers' odds suggest Newcastle United, Tottenham Hotspur, Everton and more are still not totally out of the running.
But Crystal Palace can now be assumed to be happy with their current strike force, with Pardew's side containing several forwards. West Brom, meanwhile, have released a statement insisting Saido Berahino will not be sold.
Does that leave Bournemouth as favourites, then?
The suggestions West Brom are still in for QPR's Austin may well mean a striker or two is moved on to make way but, in all likelihood, a Berahino stay may just rule out a bid for the 26-year-old. The path could be cleared for either Bournemouth - or, of course, a QPR stay. Barring any more late twists...