Crystal Palace have announced the signing of Yohan Cabaye from French champions Paris St-Germain for a club-record transfer fee of around £10 million.
The signing is a fantastic coup and signals how far Palace have come under new manager Alan Pardew.
In January of this year, Crystal Palace appointed Alan Pardew as their new manager after finding themselves in the bottom three over the Christmas period.
Almost immediately, Pardew began to transform the club. Pardew's first 13 games in charge saw Palace pick up eight wins and two draws, an outstanding statistic for a club who were struggling in the relegation zone before he was appointed.
Crystal Palace finished a great season in a club record high Premier League position of tenth place, a feat that was unthinkable in December when the club were struggling to stay in the division.
Pardew has installed some confidence back in to the club, particularly with the attacking players such as Yannick Bolasie, Jason Puncheon and Wilfried Zaha.
Alan Pardew is a fan favourite around Selhurst Park and immediately felt comfortable returning to the club as he knew he had support from the fans. It was perhaps a major reason as to why the clubs' fortune turned around so quickly after his appointment.
Palace will be hoping they can improve on their tenth place position in the Premier League in the forthcoming campaign, and if they can continue to strengthen the squad with signings in Cabaye's bracket, there is no reason as to why Palace cannot challenge for the European places.
Cabaye has a good relationship with Pardew after working together previously at Newcastle United and it is surely partly down to this relationship as to why Cabaye has chosen to join Crystal Palace when he could have stayed and played Champions League football with PSG.
The last time Cabaye was playing in the Premier League, he flourished for Newcastle. He was one of the top tacklers in the division so will fit in well with Palace's tough approach.
However, he is also very creative and can create chances for his teammates from very little. Newcastle missed him massively in the centre of midfield once he left for PSG in the 2013/14 January transfer window.
He was not replaced at Newcastle and they began to score fewer goals while conceding more, not a coincidence after losing one of their best players.
Despite an uneventful 18 month spell for PSG, Cabaye has not been forgotten by football fans in England and at the age of 29 he still has a lot to offer the Premier League.
Cabaye is a major coup for Crystal Palace and shows just how far they have come as a Premier League team. For a fee that may eventually rise to £13 million, Crystal Palace have Cabaye signed up for potentially his best years and Pardew deserves a lot of credit for getting the deal done so early on in the transfer window.
With a full pre-season under his belt, Cabaye will have the chance to settle within the squad and if he can return to the kind of form we saw from him in the Premier League just 18 months ago, then Crystal Palace have a fantastic signing who can help them thrive.
After signing Cabaye, Crystal Palace will be hoping they can continue to improve their squad before their first game of the season on August 8 away at Premier League newcomers Norwich City.
The club has been linked with strikers Charlie Austin and Loic Remy over the past few weeks, and with Alan Pardew supposedly having more money to spend, we could be seeing some more arrivals at Selhurst Park this summer to strengthen an already talented squad.