The 27-year-old Sakho, who spent the last season on loan at Selhurst Park and played eight games for Palace, said he was happy to make his move permanent.
"I am really happy to be here because I have some friends here. I loved the challenge last year; it was difficult but beautiful and it's why this summer I thought that Palace was the best choice," he told the club's website (www.cpfc.co.uk).
(Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Ian Ransom)
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