Crystal Palace will have to pay Fulham £5million in compensation if they are to pry Slavisa Jokanovic away from Craven Cottage, according to reports.

The Eagles are looking for a new manager after former England manager Sam Allardyce stepped down after keeping the south London club in the Premier League.

Palace had made former Hull boss Marco Silva their first choice but the Portuguese opted to join Watford instead after leaving the Tigers.

Jokanovic worked wonders at Craven Cottage this season, getting the Whites to play some scintillating football, as they reached the play-offs.

Sam Allardyce

Reading ended their bid for promotion glory at the semi final stage but that has not stopped Jokanovic being touted for Premier League jobs.

Fulham are keen for their head coach to stay in west London and extended Jokanovic's contract until 2019.

And reports suggest that there is no release clause in the deal, meaning Palace chairman Steve Parish may have to stump up compensation in the region of £5m.