The French striker makes the move across London to Selhurst Park for the 2016-17 season after failing to nail down a starting place in two years at Stamford Bridge
Loic Remy has joined Crystal Palace on a season-long loan from Chelsea, it was announced on Tuesday.
Remy played under Palace boss Alan Pardew at Newcastle United during the 2013-14 season and his form at St James' Park earned him a move to Chelsea in September 2014.
The 29-year-old has struggled for first-team opportunities at Stamford Bridge, though, and he has made just 47 appearances, scoring 12 goals.