Palace have enjoyed a strong start to the season, and currently sit in tenth place with 19 points from 13 games, just two off sixth placed West Ham United.
Particularly impressive has been their away form, with them picking up 12 points on the road already, with big wins over the likes of Chelsea under their belt.
That strong start has got fans eyeing European qualification come the end of the campaign, but Pardew says he will be waiting until February before determining how feasible that target is.
“We have to get to February to see if we’ve got a chance of Europe," he told cpfc.co.uk
"If we’re in the top 10 then of course there’s going to be a chance and we’ll attack it. But we need to get to the end of February first.”
One player Pardew is hoping will play a big part in a potential European push is Marouane Chamakh.
The striker is returning from an injury and featured in the 1-0 loss to Sunderland at Selhurst Park on Monday evening.
Palace have struggled in the striking department this season, with Dwight Gayle proving inconsistent and summer signing Connor Wickham having been out injured.
And Pardew is hoping that he can be a very important player for the side in the second half of the campaign.
He said: “Marouane Chamakh has been unavailable since I’ve been here, but he’s a real contender. I’m hoping if he has a free run in the team he could be a very important player for us.”