Former Premier League midfielder Carlton Palmer thinks a lack of money to spend in the transfer window has been detracting managers from the Crystal Palace job.

The south London club are having a hard time replacing Roy Hodgson, with talks to bring ex-Wolves boss Nuno Espirito Santo to Selhurst Park breaking down earlier this month.

Prior, the likes of Frank Lampard and Eddie Howe were said to be at the top of Palace's shortlist but nothing materialised.

It has left Palmer a bit baffled, who believes matters regarding the transfer market could be putting managers off.

"I know Steve Parish has done a tremendous job at Crystal Palace, but I don't know what's happening with the manager situation there," the ex-Leeds United player said to FFC.

"They seemed to have been linked with Nuno and people like that and all of a sudden, it's fizzled out. So I'm thinking that's to do with the transfer situation with money available, funds available to do the job."

It would not be a surprise if that was a genuine concern for candidates. Palace are not the largest of spenders in the Premier League, yet spending is something some of the names they have looked at probably wanted to do.

The club have a bunch of players who are set to leave Selhurst Park at the end of the month, so a rebuilding job is on the cards, one that perhaps someone like Nuno felt he needed a lot of money to complete.