The 24-year-old's future has been the subject of intense speculation over the past few weeks, with Tottenham being heavily linked with making a move for the pacey winger (the Express).
Crystal Palace's Wilfried Zaha
But the Guardian's report seems to rule out the possibility of a switch from south to north London for Zaha, with Palace Chairman Steve Parish reportedly unwilling to do business with Spurs.
Sam Allardyce is also said to be keen on keeping hold of the player, contrary to earlier reports, and considers him to be an important member of the Eagles squad.
Tottenham currently sit in fifth position in the Premier League table, 10 points adrift of league leaders Chelsea, and many believe they need to strengthen their squad in January, if they are to challenge for major honours.
Crystal Palace's Wilfried Zaha celebrates
Palace, meanwhile, have their own problems, and are currently sitting precariously in 17th position in the table, just two points clear of the relegation zone.
And with just two days until the transfer window opens, this will surely be a story with many twists and turns yet to come.