Palace are trying to add to their squad before Monday's transfer deadline to boost their chances of a successful Premier League campaign.
It is understood that discussions have now begun over a deal to bring in Bendtner from Arsenal, as manager Ian Holloway looks for another option in attack.
Danish striker Bendtner has been with the Gunners since the start of his senior career in 2005 but has struggled to hold down a regular starting spot and has spent time out on loan at Sunderland and Juventus in the past two seasons.
Arsene Wenger suggested earlier this week that Bendtner would probably remain at Emirates Stadium this season, saying 'the chances for him to leave now are very small', but Palace are working to try and finalise a deal.
Holloway admitted after Tuesday's 2-1 Capital One Cup loss to Bristol City that he was also short of wide players, and a deal is now understood to have been struck with Reading for winger Kebe.
It is thought that a fee of around £2million has been agreed, and Kebe will now discuss personal terms after having a medical.
An agreement has also reportedly been reached with Huddersfield Town, again worth £2million, for Palace to sign highly-rated defender Hunt.