The 21 year-old attacker has been linked with a return to his homeland of France recently, with Ligue 1 sides Lorient and Bordeaux keen on securing the services of the player.
And while Sanogo is reportedly interested in joining up with Bordeaux for the remainder of the campaign, new Palace boss Alan Pardew has moved quickly to try and ensure that striker remains in London.
Arsenal boss Arsene Wenger is keen on sending Sanogo out on loan so that the youngster can gain some valuable match experience, and would rather that the player plies his trade in the Premier League than in Ligue 1.
This has put Palace and Hull on alert, and while the Eagles may be favourites to land the Frenchman, Hull manager Steve Bruce remains determined to battle for his signature.
“It’s been made clear that the boy might be available on loan and it’s something we’ll have a look at,” Bruce said on Friday.
“We have got four or five things going, like most Premier League clubs. We’ll have to wait and see but, as usual, it will probably happen in the last couple of days of the window. Everyone’s jockeying for position.
“If we can bring a couple in to bolster the squad, that would be great.”
After signing from French side Auxerre on a free transfer in 2013, Sanogo has made 19 appearances for Arsenal in all competitions, scoring once.
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