According to the BBC, the 25-year-old spent the second half of last season with Palace and helped the club win the Conference League in May.
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Guessand joined Villa for £26m last August but struggled for consistency, scoring twice in 21 appearances across all competitions.
After arriving at Palace in January, he scored his first Premier League goal in a 1-0 victory over Wolves and featured in the Conference League final win over Rayo Vallecano.
He also received a Europa League winner’s medal from his time with Villa. Guessand made two substitute appearances for Ivory Coast at this summer’s World Cup and has since returned to Villa for pre-season.