Hodgson wanted four new players; two strikers and two full-backs, and had called for more than loans and free transfers. Only Cenk Tosun, a six month loan from Everton, has arrived as a first-team player.
The London Evening Standard says Palace had approached Tottenham over a deal for Kyle Walker-Peters in the summer and revived their interest this month, with Hodgson uncharactersitically breaking his silence on the speculation to try and push through a move.
Despite tracking the 22-year-old for some time the south Londoners have lost out to Premier League rivals Southampton, who have agreed a loan deal with Spurs this week.
Former England manager Hodgson is now forced to look to the players returning from injury to act as new signings. Andros Townsend, Patrick van Aanholt and Christian Benteke are all back in training this week while captain Luka Milivojevic will be available following suspension when Palace host Sheffield United on Saturday.