The club were known to be trailing centre-half Souare, who can also play left-back and in midfield, this winter and have reportedly agreed a £4million deal for the Lille players.
Souare, 24, has made 18 appearances for Lille this season and has recently returned from Africa Cup of Nations duty with Senegal.
Parish tweeted: "Delighted that @papesouare has just this minute signed for #cpfc. A warm welcome from all of us."
Souare joins Jordan Mutch as new faces in the Eagles dressing room as newly-appointed manager Alan Pardew seeks to keep the club in the Premier League.
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