According to Alan Nixon, the Eagles are not looking towards the teenager as they look to reinvest the money from Michael Olise’s departure back into Oliver Glasner’s side.
Olise is set to sign for German giants Bayern Munich in a deal worth a reported £50.7 million.
Bellingham has previously been linked with a move to Palace following a successful debut campaign with the Black Cats.
The 18-year-old made 45 appearances in the Championship for Sunderland, contributing seven goals and one assist, with the team finishing 16th in the table (all stats from Fbref).
Bellingham has attracted a lot of attention with his performances in the second division since making the switch to the Stadium of Light last summer.
The midfielder joined Sunderland in a deal worth around £3 million from Birmingham City, having broken into the Blues’ first team squad at just 16-years-of-age.
But it is believed that Palace will not pursue the Sunderland youngster this summer despite coming into a major windfall from Olise’s sale.
Two players are being targeted by the top flight club at this stage, but Bellingham is not on their radar.
