Crystal Palace have been informed that it will cost them £3m in compensation fees to prise Sean Dyche away from Burnley this summer.

What's the story?

According to Football Insider, the south London club's hierarchy view the 49-year-old as a suitable candidate to replace the departing Roy Hodgson and have approached his current employers over acquiring his services.

Dyche has one year left to run on his contract at Turf Moor and has previously claimed that talks over an extension are set to take place with the Clarets' hierarchy.

Fans will be buzzing

Hodgson is set to leave the Eagles in the coming weeks after four years at the helm, with an 11th place finish in 2017/18 their best result under the former England manager.

However, the 73-year-old is leaving a far from stable first team squad behind. Fourteen players are set to become free agents over the summer, meaning that Hodgson's successor will have to oversee a drastic overhaul.

The likes of Christian Benteke, Patrick van Aanholt and Gary Cahill are among the players nearing the Selhurst Park exit door, but Dyche has a history of squad rebuilds throughout his nine-year spell at Burnley.

Although he may not be the most glamorous name linked with the Palace vacancy, the Burnley chief is arguably the most sensible and pragmatic solution to the Eagles' extensive problems.

While the likes of Eddie Howe and Frank Lampard may bring a more exciting and attractive brand of football to south London, Dyche would almost certainly offer a better chance of top-flight survival, and ultimately that will be the club's main goal for 2021/22.

A new era of hope and expectation has begun at Palace, but they must walk before they can run, and pragmatism must prevail over potentially dangerous ambition.

With so much upheaval expected ahead of the new campaign, now is not the time to bring in a completely contrasting philosophy to the last.

A familiar set of principles via a manager with a proven track record of extracting the maximum from a limited set of resources is surely the obvious option for chairman Steve Parish, and this latest revelation of Palace's approach for an experienced Premier League manager in Dyche (228 top-flight games) will surely have the club's supporters buzzing.

In other news...Parish heading for huge transfer mistake over £7.2m-rated dynamo, Palace need him