Chelsea starlet Patrick Bamford has committed his long-term future to Stamford Bridge, signing a three-year deal before going on loan to Crystal Palace.
Having moved to West London in 2012 from Nottingham Forest, the 21-year-old forward has spent the last three campaigns on loan at Milton Keynes Dons, Derby County and Middlesbrough.
And despite being named Championship player of the year for the 2014-2015 campaign, Jose Mourinho has opted to send Bamford to the Premier League outfit in order to help him to continue his development in the top flight before returning to Stamford Bridge.
Having had just one year remaining on his previous contract at Stamford Bridge, the Blues have secured his long-term future with a new deal.
"Patrick Bamford has today signed a new three-year contract with Chelsea. The 21-year-old forward will continue his development by spending next season on loan at Crystal Palace," the Premier League giants confirmed.
Bamford, meanwhile, has expressed his delighted about both his new contract and the loan move to Palace. With Diego Costa, Loic Remy and Radamel Falcao in the Chelsea attacking ranks his playing time at Mourinho's side would be limited.
"I'm delighted to sign a new contract with Chelsea. My dream has always been to be part of this club for the long term. Chelsea have been fantastic with my development and joining Crystal Palace for this season on loan is the next step for me in my career," Bamford said.
The English striker becomes Alan Pardew's second signing of the summer after the Eagles nabbed former Newcastle midfielder Yohan Cabaye from Paris Saint-Germain earlier this month.
Pardew has hailed Bamford's arrival while suggesting the promising England star snubbed other offers to join Palace.
"It's a coup for Crystal Palace ahead of a host of rivals. I'm so pleased he chose us over others to help develop his game. Hopefully he will be a star for us, Chelsea and – of course – England," Pardew said to the club's official website.
"Patrick is one of England's brightest prospects and I will liaise with Jose [Mourinho], Gareth [Southgate] and Dan Ashworth on his progress during this important year in his career."