Wilson Palacios had two different spells at Olimpiain his native Honduras before calling it quit with playing football professionally two years ago. His first spell at the club started in 2002 and it last for six years until 2008. Wilson Palacios had moved from Victoria where he started his career as a young footballer at the age of 16. Wilson Palacios and his brothers John, Edwin, Milton and Jerry all moved from Victoria to Olimpia. Wilson scored 32 goals in 102 matches for Olimpia while he was at the club in his first spell, winning five league titles. He would be fondly remembered for the goal that he scored from the halfway line against Marathon to hand Olimpia the 2005/06 Clausura title.
Wilson Palacios was on loan at St. Andrews for six months before Wigan Athletic signed him permanently at the end of his loan spell with Birmingham City. He benefited from the good working relationship he had with manager Steve Bruce while he was at Birmingham City. Bruce left Birmingham City to sign for Wigan Athletic and he went on to sign Wilson Palacios for the Latics after his replacement at Birmingham City, Alex McLeish opted against making his loan deal permanent.
Palacios returned for a second spell at Olimpia during the 2008/09 campaign and he played just three times for the club before signing for hisReal Sociedad, his last team as a professional footballer.