The 23-year-old has been linked with a sensational move to Man United in recent months, with reports suggesting he misses his home city.
Palmer’s season has been hampered by several injury issues, but he has still managed to score nine goals and provide one assist in his 21 Premier League games.
Speaking in an interview with The Guardian, Palmer has insisted that he has no intention of leaving Chelsea and is excited to see who the club bring in this summer.
When asked about the rumours, he said: "Everyone just talks.
"When I see it, I just laugh. Obviously, Manchester is my home. All my family are there, but I don’t miss it. Maybe I’ll miss it if I don’t go for three months or something. But then, when I get home, I think there’s nothing there for me anyway.
"I’ve got no plans to move from Chelsea. We’ve still got a lot to play for. We’ve got the FA Cup semi-final (against Leeds), and if we finish in a Champions League spot, it puts us in a good position to sign players that we need.
"We spoke to the owners, and they’re sure of the players that are gonna do it. Reece won’t sign a six-year contract if he’s not spoken to the owners and the directors.
"Me and Reece spoke a lot. About things we need, players we need to sign and how things need to be. He wouldn’t sign a new contract if he didn’t know what was going on."