Midfielder Riihilahti has won 33 caps for Finland
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Crystal Palace trio Aki Riihilahti, Wayne Andrews and Glenn Wilson have been released by the club.
Finland midfielder Riihilahti has been with the Eagles since March 2001 after his £200,000 move from Valerenga.
Striker Andrews joined Palace in the summer of 2004 from Colchester, while 20-year-old defender Wilson has been a regular in the reserves.
However, Mikele Leigertwood has been offered a new deal with his current contract set to expire in June.