After signing defender Chadi Riad, Crystal Palace is expected to enter the market again to sign a new attacker.
They are exploring a transfer for a Premier League attacker who was given insufficient playing time by his team last season.
Palace are ready to make an offer for Arsenal player Reiss Nelson.
Palace are planning to offer about £8.45 million. The Eagles have even started negotiations to seal the deal, but the Gunners want £21.1 million for the 24-year-old.
Palace face competition from fellow London clubs West Ham United and Fulham for the signature of the Arsenal attacker.
Nelson appeared in 15 Premier League games last season for the Gunners and he ended his season without any goal or assist.
His future at the Emirates Stadium is unknown, and he would be willing to leave because his career has not advanced under Mikel Arteta at Arsenal.