Barracked by Wolves fans this season, Strand Larsen remains highly regarded inside the Premier League despite his struggles this season.
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After a move to Newcastle was blocked over the summer., Strand Larsen is closer to leaving Molineux in January given his current situation.
The Daily Mail says Palace are preparing to make an offer for the Celta Vigo centre-forward, but won't be alone.
West Ham United are also hoping to ferry Strand Larsen away from Wolves next month.