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Palace sit rock bottom of the Premier League table with just two victories from their 10 outings so far this season.
Sage's side have shipped 24 goals in that time and shown little promise of improving which has left Sage teetering on the brink with the club's hierarchy reportedly close to wielding the axe.
It has been reported by numerous outlets that The Eagles have already begun the process of replacing the Frenchman with former Brentford and Tottenham Hotspur manager Thomas Frank believed to be leading the pack.
But former Motherwell boss Askou, now with Toulouse in Ligue 1, is also in the running. That's being reported by Sky Sports this evening.
Askou earned plaudits for his time in the Scottish Premiership for the expansive and attacking football he had the Steelmen playing at times.
He made his well-deserved switch to France and has also captured the imagination there.
The Danish coach thrived in Scotland and guided Motherwell to fourth place.
During his tenure they also recorded their first win over Celtic in a decade, defeated Rangers at Ibrox, set a new record for clean sheets in a season and saw both Calum Ward and Tawanda Maswanhise finish top of both the Golden Glove and Golden Boot standings in the Premiership.
The latter was nominated for Player of the Year alongside Elijah Just.