Holloway leaves Palace - reports
Crystal Palace have parted company with manager Ian Holloway, according to reports.
The club will hold a press conference in central London at 5.30pm, with Holloway's departure expected to be confirmed.
Sky Sports News reported that Holloway's stint at Selhurst Park is over, less than a year after he took charge.
Speculation had centred on the 50-year-old manager's future following Monday night's 4-1 home defeat to Fulham, that left Palace second from bottom in the Barclays Premier League.
Palace have taken just three points from eight league matches since their promotion to the top flight, with Sunderland the only team possessing a worse record. Palace are five points adrift of safety.
Palace's short statement announcing the press conference in Soho did not specify the reason for the press conference and the club declined to make further comment.
Holloway was appointed by Palace in November 2012 and led the club to promotion through the play-offs, with a 1-0 win over Watford at Wembley securing their place in the Premier League.
Holloway met with the club's co-chairman Steve Parish directly after the Fulham defeat, before undertaking his post-match press conference at which he refused to discuss his future at Palace.
He said on Monday: "It is about what is right for the football club and that is what it will always be about between me and Steve."
Holloway, the former Blackpool, Leicester and QPR manager, called on his players to improve between now and the end of the year, having been disappointed by the performance of Palace's 25-man Premier League squad.
"We have lost five games since we announced the 25 and there is something wrong there," he added.
"I don't think we have got the same spirit, maybe we changed too many, but that is the squad we have until January so they better buck up and stick together."
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