Heat olive oil in a large pot over medium heat. Add the chicken and cook until lightly browned.
Add diced onion, garlic, and carrots. Cook until the vegetables start to soften and the kitchen smells amazing.
Stir in butter and flour, mixing until everything is coated. Pour in chicken broth and heavy cream, whisking until smooth.
Add gnocchi, peas, thyme, salt, and pepper. Stir and let the mixture simmer until the sauce thickens and the gnocchi is tender.
Taste and adjust seasoning. Sprinkle with parsley before serving and get ready for the coziest meal ever.