The 30-year-old former Bordeaux striker arrived on a one-year deal last summer after leaving former club Arsenal and helped them to Premier League safety.

Chamakh scored six goals for Palace last season, including a run of three successive league games in December, and was transformed into playing in a position behind the main striker by manager Tony Pulis.

Palace finished 11th and Pulis took the Premier League manger of the year award.

After securing top flight football next season, Chamakh had hinted that his future lay with the club.

"My first choice would be to continue my adventure with Crystal Palace," he told the club's official programme.

"My priority is to stay here. The adventure here is not over. We've had a good season and built something really, really strong. I hope that will continue."