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Jorgen Strand Larsen scored 14 Premier League goals for Wolves last season Crystal Palace's £50m move for Wolves striker Jorgen Strand Larsen is in the balance after the Eagles communicated their intention to walk away from the deal. The two Premier League clubs had agreed a deal in principle for 25-year-old Strand Larsen to move to Selhurst Park. That was subject to Palace tabling a written formal offer for the Norway forward, which Wolves would have accepted. However, that offer, which was expected to arrive on Thursday, is yet to be received - and sources indicate Wolves have been informed Palace no longer want to proceed with the deal. It remains to be seen whether the development is a negotiating tactic with a view to agreeing a lower fee. If the Strand Larsen move falls through, it could have an impact on Jean-Philippe Mateta's anticipated exit from Selhurst Park before Monday's transfer deadline. The 28-year-old France forward has told Palace he wants to leave this month, with the Eagles increasingly open to sanctioning his departure. Nottingham Forest have already seen a £35m offer rejected by Palace and are set to accelerate their efforts to sign Mateta in the coming days - while Juventus and AC Milan are among other clubs to have shown a concrete interest in the striker. Mateta is understood to want to play Champions League football, but is open to a move to the City Ground. Palace want a replacement before sanctioning Mateta's exit - and are set to sign versatile attacker Evann Guessand on loan from Aston Villa. However, it is unclear whether the Eagles want a new recognised centre-forward through the door before allowing Mateta to leave. Meanwhile, Forest have bid £20m for Brighton midfielder Yasin Ayari, although the offer is expected to be rejected. Transfers - January 2026 Latest Crystal Palace news, analysis and fan views Ask about Crystal Palace - what do you want to know? Comments can not be loaded To load Comments you need to enable Java Script in your browser Europa League: Celtic ease by Utrecht into knockout play-offs; Rangers beaten in Porto Europa League: Forest into play-offs, already-qualified Villa get comeback win Jesus scores as Nottingham Forest beat Ferencvaros The fake shaman who scammed Hampstead's wealthiest What’s behind the rise in shoplifting? Gripping Irish crime drama set in a tight-knit community Is behavioural science steering your spending? Why have English teams dominated as Real & PSG face play-offs? Sabalenka cruises into final despite hindrance call. Video Sabalenka cruises into final despite hindrance call How an inspiring home video launched a main event fighter Football Daily. Audio Football Daily Bill Belichick: A Super Bowl god's fall from grace 'Barca move gave me confidence I could adapt' Video'Barca move gave me confidence I could adapt' England on course for fifth Champions League spot Bayern legend? How Kane is viewed in Germany as contract talks begin Why England legend Root is so effective in Asia Global brand in an EFL world - Wrexham's £48m cash injection explained What happens next after latest link between heading and brain disease? Who has made Troy's Premier League team of the week? Why did Alcaraz, Sinner & Sabalenka have to remove fitness trackers? Six English clubs, one huge night - all to play for in Champions League Can unfancied Scots be Six Nations contenders? F1 testing begins - but why all the secrecy? Cal-fouri, a lesser-spotted law & Russell v the Shed - Prem talking points 'Another unbelievable result' - but what's different about Man Utd now? 'Intoxicating title fight impossible to call as Hearts refuse to buckle' Grudge match or homecoming - what next for Pimblett? Copyright © 2026 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.