The Croydon Advertiser have reported that Palace have denied that Kebe is close to a loan or permanent switch to Elland Road.
Late on Tuesday, the Yorkshire Evening Post claimed that Brian McDermott wanted to bring his former Reading winger into the club to help the promotion push after a number of defeats.
But Palace co-chairman Steve Parish has denied that any deal is close.
He told the Croydon Advertiser: "He's not going on loan anywhere (in particular). There are clubs interested, that's all. Leeds are interested - all the clubs at the top of the Championship are interested.
"We are not looking to send him out on loan anywhere, there has just been a number of Championship clubs.
"We haven't considered whether he's going to go out on loan or if we're going to accept them."
Kebe is out of the first-team picture at Selhurst Park, and the comments from Parish suggest they may want to start a bidding war, with Leicester City and Brighton also interested. The Cameron Stewart deal is still dragging out, don't expect this one to go through any quicker.