Crystal Palace manager Neil Warnock: "We've had a bid for Alan Lee accepted - and hopefully we can tie up a deal and get him on board.
"But it's far from a done deal - we are a bit apart with regards to personal terms.
"He is having a medical and we are still hoping to agree a deal."
Town chief executive Derek Bowden: "We have accepted an offer from Crystal Palace for Alan," Derek told the Club website.
"He has been having a medical there and is now speaking to them with regards to personal terms. As far as I'm aware they have not been agreed yet."
Sources: This Is Croydon and Ipswich Town - the official website
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