The SPL champions were believed to have a deal in place for the 22-year-old, with flights and a medical booked ahead of a £2.5million switch.
But, Eagles boss Ian Holloway is said to have outbid the Scottish giants at the last minute, and will now enter discussions with the Portuguese front-man.
The ex-Blackpool chief has made attacking reinforcements one of his priorities this summer, as he looks to assemble a squad capable of maintaining their Premier League status.
He sees the 6ft 4” Balde as the ideal man to add some physical presence to his front-line, and offer him an alternative to the players he already has at his disposal.
Palace have also been linked with Wigan defender Roman Golobart, who is set to leave the Latics on a free transfer.
Meanwhile the Londoners are still in the hunt for Blackpool winger Tom Ince, who has been attracting interest from Liverpool and Tottenham.
The England U-21 international is set to discuss his future with the Seasiders in the coming weeks, but could be tempted to reunite with Holloway at Selhurst Park.
Can Amido Balde fire Crystal Palace to Premier League safety?
Comment below to have your say!
[cat_link cat=”crystal-palace” type=”grid”]