The 30-year-old rediscovered his best form under the guidance of Ian Holloway and Tony Pulis, scoring six times in all competitions, and claims it was an easy choice to extend his stay at a club where he is valued and appreciated.
Chamakh told Palace's official website: "I had many other offers, including three or four from other teams in England, but I really wanted to stay with Crystal Palace.
"I said before, my first choice was always to stay here, that's why I was waiting to sign for the club.
"I could have signed for another team months ago, but I did not want that because I'm really happy here. I really like the atmosphere around the place and I enjoy working with the players.
"I enjoyed myself more last season than I have for a long time because I feel good around the players and the new staff. I am so happy to continue being a part of that group. I really wanted that.
"We had a good season last year and we will do everything we can to do the same again this season for everybody - for us and for the fans."
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