The 25-year-old striker signed a contract for the next four years, while the deal could rise to 37 million euros ($41 million) with variables, reports Efe.
"I'm very happy to commit my future to Crystal Palace and I'm looking forward to meeting the manager, the players and the staff," Benteke said in a statement.
"I feel really happy that the deal has been done and now I can look forward because it's been going on for a long time, but now I think everything is going to be OK," he added.
Benteke passed the medical tests on Friday.
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