Crystal Palace co-owner John Textor would be willing to sell his shares to his fellow owners in a cut-price deal to allow the club to play in this season's Europa League, according to sources close to Eagle Football.
Uefa's rules forbid individuals from being involved with more than one club in the same competition to avoid conflicts of interest.
Eagle Football, the multi-club group owned by Textor, owns a majority stake in Ligue 1 side Lyon, who have also qualified for next season's competition.
The four Palace partners of Textor, Steve Parish, Josh Harris and David Blitzer were in Switzerland on Tuesday to discuss Palace's participation in the Europa League.
Textor was hoping to show Uefa officials he did not have a controlling interest in the club.
The meeting ended without a decision, but it is understood from sources with knowledge of the situation that a final ruling from European football's governing body should come in the next week or so.
Palace qualified for the Europa League by beating Manchester City to win the FA Cup.
Lyon finished sixth in the French top flight to initially gain a spot in the Uefa Conference League, but were given a Europa League place after Paris St-Germain - already qualified for the Champions League - won the Coupe de France.
Through Eagle Football, Textor owns around 45% of Palace and 90% of Lyon.
