Pardew said: "There is nothing fans cheer more than when a young player has come through the ranks.
"We have players with great potential. I could spend six or seven million on someone who isn't better than these if they realise that. We could make a big error thinking we can get someone better than them.
"The priority for this club is the Premier League and I've said that from day one, that's where our aspirations are. The cups are our second priority, all the cups and they will get chances in those."