The 33-year-old striker was included in their 25-man Premier League squad for the 2014/15 season.
The striker spoke to reporters,
'I am delighted to be coming back to a club that I love and have a real soft spot for. I would like to thank the gaffer and the chairman for giving me this opportunity and I am looking forward to helping this football club have continued success in the Premier League. I have also been given an opportunity to help the youngsters in a coaching capacity, something I am really looking forward to getting involved in.'
Johnson has signed a short term contract that will keep him at Palave untill January 2015. Part of the agreed move will see Johnson take a coaching role with the Palace academy players. Whether Johnson will play a major role in the first team remains to be seen but fans will be certainly be pleased to see the former holmesdale hero return.