Cahill has agreed a two-year contract with the the club, worth in the region of £75,000-a-week
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Cahill told Palace’s official site: “I’m glad to be here, I think it’s a good opportunity for me to continue my career in the Premier League, and to play in a good, exciting team.
“There are some very exciting, talented players here. I’m looking forward to the challenge.”
The former Chelsea captain left Stamford Bridge this summer following the end of his contract, having made just one Premier League appearance as a substitute under Maurizio Sarri in the last campaign.
The veteran defender, 33, came close to leaving the west London club in January, with Arsenal linked with a move for the centre-back, while a number of Premier League clubs were said to be keen on a deal this summer.
Cahill, who made 191 Premier League appearances for Chelsea in seven successful years at the club, captained England during Palace boss Roy Hodgson’s time in charge of the Three Lions.