Newcastle boss Alan Pardew continues to be heavily linked with the vacant manager's job at Crystal Palace.
But speculation compensation has been agreed between the two Premier League clubs appears to be premature.
Pardew, who is a former Palace player, is still scheduled to hold tomorrow's pre-match news conference ahead of Newcastle's next match with Burnley on New Year's Day.
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However, the BBC have confirmed that talks between Newcastle and Palace have been taking place.