Federico Palacios Martínez (born 9 April 1995) is a German footballer of Spanish descent who plays as a striker for 1. FC Nürnberg.
Palacios joined the youth ranks of VfL Wolfsburg in 2009. His four and a half years stay culminated in winning the Under 19 Bundesliga in 2013. After a tremendous first half in the 2013–14 Under 19 Bundesliga season, scoring 29 goals in only 14 matches, Palacios attracted the attention of several clubs in Germany.
In January 2014, Palacios signed a professional contract with RB Leipzig until summer 2018. Leipzig had to pay a transfer fee of reportedly €600,000. He made his senior debut on 25 January 2014 coming on as a substitute for Denis Thomalla in a 3. Liga match against Wacker Burghausen.
He made his Bundesliga debut for RB Leipzig on 4 February 2017 as an 80th-minute substitute for Dominik Kaiser in an away 0–1 loss to Borussia Dortmund.
On 20 January 2015, he was loaned to 3. Liga side Rot-Weiß Erfurt until the end of the 2014–15 season.
1. FC Nürnberg
In January 2018, 1. FC Nürnberg announced the signing of Palacios for an undisclosed fee.
Palacios played for the Germany U17 national team and Germany U19 national team each two times.