Loftus-Cheek moved to the Eagles on loan from Chelsea in last summer's transfer window, and the England international has made 21 appearances this season.
As it stands, the 22-year-old will return to Stamford Bridge this summer, but the midfielder is not currently interested in thinking about next season as Palace battle to remain in the Premier League.
"I really haven't thought about what's going to happen next season. I've still got a few games now. Big games coming up, so I'm focused with Palace. Whatever happens next season, I'm not really looking at that right now. I'll deal with that when it comes," Loftus-Cheek told reporters.
"The experience of being a Premier League player playing every week is just massive. The feeling of it, of getting three points, I'm just not used to it.
"Every game means something, the supporters are fantastic and since I've come to Palace I've learnt to fight as a team and for the three points. We still have a lot of fighting to do so I'm very grateful for Palace and for the season I've had."
Palace are currently 16th in the Premier League table - six points clear of the relegation zone.