Abstract The OFDM system with multiple transceiver antennas is attractive to increase the spectrum or energy efficiency. Depending on the channel state information (CSI), precoding techniques offer array and multiplexing gain in such systems. However, if terminal equipment is fast moving, the CSI feedback would be outdated when it is applied to data transmission. This paper proposes a novel channel prediction method applicable for high‐speed environment. Benefiting from the proposed structure, this method greatly improves the prediction accuracy, and meanwhile retains the low feedback overhead. Numerical results show that the performance of the proposed method outperforms conventional precoding methods in high‐speed scenarios.