Jorgen Strand Larsen signed a five-year deal at Wolves in September

Crystal Palace have agreed a deal in principle worth in the region of £50m to sign Wolves striker Jorgen Strand Larsen.

Sources have told BBC Sport that Palace's interest in the 25-year-old forward has intensified in the past 24 hours and a formal bid is now set to be submitted.

Palace broke their club record with a £35m move for Wales striker Brennan Johnson earlier this month but Strand Larsen's arrival would surpass that deal.

It has been known that Wolves are open to selling the Norway international this month provided they get a fee close to the £55m they rejected from Newcastle for the striker during the summer transfer window.