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Crystal Palace completed the loan signing of Chelsea's Michy Batshuayi on deadline day, keeping Palace fans up until the early hours of the morning to hear the news that the deal had crossed the line. The striker massively boosts their survival hopes to the point where relegation looks almost impossible, but how did they manage this coup?

What's the word?

Well, The Sun reports that the Eagles only paid Chelsea around £1m, while Spurs and West Ham, who were both in dire need of reinforcements up front themselves, were quoted £8m and £4m respectively.

Palace boss Roy Hodgson believes that the good relationship between the two clubs paid a huge part in the success of their move for Batshuayi; Frank de Boer took Ruben Loftus-Cheek on loan from the Blues while he was still at the Selhurst Park helm last season and the midfielder was hugely impressive.

The 23-year-old's value surely sky-rocketed considering the performances he put in when given considerable game-time and therefore, as Hodgson puts it, Palace put a lot of money into Chelsea's pocket. This bodes well for any future dealings they may wish to do with their London neighbours.

Michy may stay?

The Daily Mail reported last month that Everton were keen on signing Belgian Batshuayi after Chelsea recalled him from a disappointing loan spell at Valencia and were keen on a permanent deal, considering they had already secured the temporary services of Kurt Zouma in the summer (Premier League rules state that a club may only loan one player from another at one time).

However, Chelsea's likely astronomical valuation was surely a sticking point for the Toffees, who were beaten to the hitman's signature by Palace, who will now be hoping he can fire them to safety - or even the top half - in his six months at Selhurst Park.

The Eagles were unable to keep Loftus-Cheek at the club beyond his loan spell and will surely not want to repeat that failure with Batshuayi - could their positive relationship with the Stamford Bridge outfit mean they might be able to negotiate a cut-price deal in the summer for their new number 23 and thus give themselves a huge upper hand in what will surely be another race for his signature?

Which player with "no potential" has just been named Crystal Palace's worst ever January signing? Find out in the video below...