If true, I don't think this is one he could turn down. While not manager, a very hands on job at a Premiership club is quite a step up.
Palace are a bit of a basket case club but if it wasn't to work out, he'd still get a decent job in the aftermath. All going well though, he'd possibly be in line to replace the previously retired Warnock.
From our perspective, small amount of compensation would be welcome but I really hope Scott Leitch wouldn't be in the reckoning.