Pardew was sacked on Thursday with the club 17th in the Premier League
after a run of one win in 11 games.
Chairman Steve Parish said the club was "fortunate that someone of
Sam's calibre and experience was available".
Allardyce has been out of work since losing the England job
after 67 days, in the wake of a newspaper sting.
The 62-year-old will take training on Saturday, before Palace's Boxing
Day game at Watford .
"You generally get a new job because there are difficulties at a
club," Allardyce told Crystal
Palace 's website.
"I have to sort those difficulties out, hopefully with my
experience, and try to get a few more results on the board, particularly over
Christmas and New Year, to make everybody feel more comfortable."
Caretaker manager Keith Millen took Friday's news conference and told the
media that Allardyce would "sort the players out".
Pardew, 55, a former Palace player, was sacked after a miserable 2016 in
which his side took just 26 points from the 36 Premier League matches they have
played - and are only one point above the relegation zone.
The club's points-per-game tally of 0.72 in 2016 was their second worst
in a calendar year - and their form for the year is the worst of all 92 Premier
League and EFL clubs.
On 26 December 2015, Palace were fifth in the Premier League table.
However, a 14-game winless run into April resulted in them finishing 15th.
Pardew led Palace to the FA Cup final for only the second time in their
history, where they lost 2-1 to Manchester United at Wembley.
This season, the Eagles are the sixth highest scorers in the top flight
but are third in the list of teams who have conceded the most goals.
"The strengthening in that [attacking] area by Alan and the club
this summer has brought a lot of flair to the team and I think that has brought
a few more goals," said Allardyce.
"But the other side is that when we aren't in possession we have
just got to stop conceding goals and make sure the goals that we score win us
games.
"It sounds simple but it's not that easy - that's what we have got
to try to turn around."
With the January transfer window coming up, Allardyce is also planning to
try to add "a little bit more strength in depth".
"The players here are good enough but, if we can add to that, let's
try to do it," he added.
Source: BBC
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