There has been much speculation but the words of the manager are
"Julian Gray is a non-runner, we can't do it.
"Palace won't loan him, they want too much money and we can't agree terms.
"The sum of £500,000 has been put around. It is not as much as that, but whatever it is I consider it to be too much.
"They want X amount and want us to pay it in such and such a way.
"I have spoken to the chief executive at Palace and it has been a cordial negotiation, but we can't agree.
"I'm not shutting the door because he is a free at the end of the year, but for the moment it looks dead."