Crystal Palace are the subject of takeover talks with a Chinese businessman.

The Sun says sources say the prospective buyer was given the red-carpet treatment when he visited Selhurst Park and the training ground last month.

Palace's owners rejected a 2017 offer from the Shanghai Naisi Investment Management Centre as it was below their £220million valuation.

The current Chinese interest is believed to be from a new source and this time major Palace shareholders Josh Harris and David Blitzer are looking to sell.

The American financiers have appointed US investment bank PJT Partners as advisers to help them cash in.

His initial offer is thought to be below the £200m mark and it is understood there is at least one other group with a genuine interest in buying Palace.