The England U17 international is the son of Wolves coach and former Palace midfielder Shaun Derry.
"It's an honour to win such a big award, and hopefully many more to come," Derry said. "I'd like to thank my Dad!
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"He's my biggest critic but also my biggest fan and he pushed me every day. I wouldn't be here without him.
"(My injury) was a small setback but it's nothing serious, so I'll definitely be back next year. It was like a dream come true to make my England debut. It's been alright!"