The 22-year-old midfielder is leaving Schalke as a free agent this summer having turned down a new contract with the Gelsenkirchen-based club.
A host of Europe’s top clubs toyed with the idea of signing Meyer but so far, none of those deals materialised. Among the English clubs reported to be interested were Arsenal, Liverpool, and Chelsea.
The midfielder is set to undergo a medical today with the deal being completed shortly after.
It represents a significant coup for the Eagles, whose stuttering campaign last season saw them flirt with relegation. One of the brightest young talents in German football, Meyer’s choice of Crystal Palace suggests he priced himself out of the market with the major players.
Despite his prodigious abilities, Meyer has just four caps since making his debut in 2014. As much as Palace need him, the German must kickstart his career if he is to claim a place in Joachim Low’s squad. Mesut Ozil’s retirement from international football offers him that opportunity.
The south London club are desperate to challenge for the European places, identifying Meyer as being the creative force they need to help solve the problem of their goalshy attack.
Previously reliant on Wilf Zaha for their inspiration, Palace boss Roy Hodgson hopes this signing – only their second of the summer – will give his team more of a cutting edge.