Eagles chief Ian Holloway is still keen to strengthen his defensive option ahead of the big kick-off, and sees the Swede as the ideal man to add experience and ability to his rearguard.
Granqvist was thought to be on the verge of completing a move to Serie A giants AC Milan, but the proposed deal recently collapsed.
This has opened the door for Palace, who are willing to meet Genoa’s £3m asking price.
Although he is valued highly by the Italians, they are aware that he is keen to move on, and are not prepared to stand in his way.
West Brom are also rumoured to be interested, after Steve Clarke failed in his attempts to lure Napoli’s Federico Fernandez to The Hawthorns last week.
But, Holloway is confident that the promise of guaranteed first-team action could sway Granqvist, and convince him to select Selhurst Park.
The 28-year-old has also been linked with Liverpool over the course of the last year, after a series of impressive performances both domestically and on the international stage.
Crystal Palace fans, could Andreas Granqvist guide your side to Premier League safety?
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