Phillips joined Palace from Drogheda on a two-year contract last January after a successful trial with the South London club.
Shrew' s boss Steve Cotterill said: “He’s an Irish boy."
“He trained with us on Wednesday for the first time. We got him in so he could pre-train with us and then we will register him as soon as possible. We got him in to integrate with the squad.
Good luck to Killian Philips (20, CM) who has joined League One's Shrewsbury Town on loan from Crystal Palace for the remainder of the season. ☘️ #greenshoots pic.twitter.com/XtHhMcnqTm
— Éire Guide (@eireguide) December 29, 2022
“He is a big, strong boy. He’s 6’3″. Can nick a goal, he’s very good in both boxes and a really good athlete as well — he’s a strong runner. Because of his size, he’s not necessarily going to be a sprinter — but he’s a strong runner and a really, really, good lad.
“We have known about him for a little while now. We are really pleased we have got him in. He’s aggressive.
“I think Crystal Palace are very happy with how we’ve been with Rob Street. It was really handy because he rang Streety and asked him about the club – and Streety told him he loves it.
“There were about six or seven clubs who were after him so we are quite happy we have managed to jump the gun with that.”
The Kilbarrack native's first game could be against Fleetwood this Sunday.