Palmer stood out in his first campaign at the club after a summer move from Manchester City.
The Blues ended the Premier League season in sixth place, securing European football for next term.
Advertisement
Advertisement
After victory over Bournemouth, Palmer told Premier League Productions: "Over the past five games we have gelled together more than we did at the start of the season. Many things happen."
He added on departing centre half Thiago Silva: "He's one of the best centre-backs to play the game. What a legend."
"We're a young, exciting squad. If we keep working and pushing then I think big things can come for us."