Crystal Palace have reportedly rejected an offer from Bayern Munich to sign Wilfried Zaha on loan until the end of the season.

Speculation over Zaha's future at Selhurst Park has begun to grow again since he linked up with new agent Pini Zahavi, who is already understood to have made contact with Bayern.

Chelsea, Arsenal and Tottenham Hotspur have also been linked with the 27-year-old, who handed in a transfer request during the summer and is eager to leave Palace for a bigger club in order to test himself in the Champions League.

The Daily Mail claims that Bayern have made an initial loan bid with an option to buy for Zaha, but that Palace gave the proposal short shrift as they demand a fee of at least £80m before considering offers.

Bayern are expected to return with a fresh offer in the summer, though, perhaps even meeting the asking price having identified Zaha as an alternative to Manchester City winger Leroy Sane.

Palace have repeatedly insisted that Zaha is not for sale this month, with the Ivory Coast international still three years from the end of his £130,000-a-week contract at Selhurst Park.