The 49-year-old guided the Tangerines to the Premier League in 2010 and, despite relegation that season, the club almost bounced immediately back before being defeated in last season's play-off final by West Ham.
Palace are currently without a manager after Dougie Freedman left to take over at Bolton, but chairman Steve Parish has revealed that a deal for Holloway is still a long way off.
|PALACE AMONGST ROYALTY
|7/1||Crystal Palace are 7/1 to be promoted to the Premier League|
Palace currently sit fourth in the Championship, whilst Blackpool are in 12th place.