The Danish striker, formerly of Arsenal, has been made available by Wolfsburg and the Eagles could pounce if they miss out on former Tottenham striker Emmanuel Adebayor who remains an option according to Pardew.
"We're still going down the line of Adebayor and a couple of the others mentioned but a few more have come to light," said Pardew.
"Bendtner is available and there's someone else we are looking at. We're after someone who can fit into our group and give us a lift. A big player coming in might do that.
"We're having a terrific season but we're experiencing a lull right now. So we need to give the fans a lift, as well as those in our group.
"We have to take that opportunity. It will make sense for our fans, our players and our chairman, Steve Parish. He's probably keener than me and is hunting around for one."