Career
He is known as one of the best strikers in the domestic tournament and has solidified his reputation as a goalscorer amongst Ecuador"s top clubs. Palacios started out as a LDU Quito youth product, but got very little playing time. By 2006, he had scored 23 goals in 81 matches, earning him a transfer to one of Ecuador"s big teams, Deportivo Quito.
His talent and goalscoring prowess earned him a call-up to the national team from Colombian coach Luis Fernando Suárez.
Barcelona Sporting Club
In December 2007, Palacios moved to Ecuador"s most popular team, Guayaquil side Barcelona. In his first season at the club, he netted 20 goals, finishing the season as the league"s top scorer.
However, 2009 proved to be a regrettable season for both himself and the club Barcelona barely escaped relegation and Palacios was tied as Barca"s top-scorer for the season with only 6 goals.
Despite of the uncertainty if Palacios would remain in Barcelona for the 2010 season, on January 4, 2010 he signed a one-year contract with the club he has confessed of being a fan of, Barcelona.
Emelec
On January 2012 Palacios was signed on a free by Barcelona's archrival Emelec. Palacios began playing for Ecuador in 2007, making some important appearances against squads like Sweden, Ireland, and Colombia. He was part of the squad that participated in the 2007 Copa América.
However, he was not featured in any matches and watched Ecuador"s early elimination on the bench.
He did not get another callup until August 2008 when national team manager Sixto Vizuete called him up for a friendly against Colombia. He came off the bench against Bolivia making his official debut in this tournament.
International goals.