Despite the 21 league goals of striker Andy Johnson, and being just ahead of the relegation zone for most of the season, Palace were unable to remain in the top flight and were relegated on the last day of the season, following a 2–2 draw with fellow south-east London rivals Charlton Athletic at The Valley, combined with West Bromwich Albion's 2–0 win over Portsmouth.

Young winger Wayne Routledge also impressed with 10 assists in the Premier League, making him more productive than the likes of Arjen Robben and Steven Gerrard in terms of creativity, but he was snapped up by Tottenham Hotspur following Palace's relegation.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.