Crystal Palace have ended talks with Nuno Espirito Santo over managerial job after talks broke down on Tuesday.
According to Sky Sports, negotiations collapsed over finances surrounding the deal.
Nuno left Wolves on mutual consent last month and was close to becoming Crystal Palace new manager after Roy Hodgson left.
Hodgson departed his boyhood club after four years in charge and guided the Eagles to a 14th-placed finish in the top flight in his final season.
Nuno also held talks with Everton following Carlo Ancelotti’s return to Real Madrid last week.
The 47-year-old has also been linked with the vacant managerial position at Tottenham.
Nuno won the Championship title with two games to spare in his first season at Molineux, leading the club back to the Premier League after a six-year absence.
Under his leadership, Wolves qualified for Europa League spot for two consecutive seasons but finished the 2020/2021 season in the 14th position on the Premier League table.
Meanwhile, former Benfica boss Bruno Lage has been appointed new Wolves boss.