Yohan Cabaye played under Alan Pardew at Newcastle. Ian MacNicol/AFP/Getty Images

Crystal Palace have launched an audacious bid to sign Paris Saint-Germain's midfielder Yohan Cabaye, sources have told ESPN FC.

Cabaye, who left Newcastle in January 2014, has been linked with a move back to the Premier League in recent months as he has struggled to make his mark at PSG since his move to the French capital.

The 29-year-old could be persuaded to link up with Alan Pardew again as the current Palace boss enjoyed a good working relationship with him in their time together at Newcastle.

Pardew believes a marquee signing would realign the ambitions of the club in a summer when he is keen to compete for top talent.

"We want to compete with teams like Newcastle, Aston Villa, Everton and maybe even Spurs in the transfer market this summer," Pardew told ESPN FC last month.