The Argentine hinted that he would like his side to try and bring in his fellow countryman, and reflected on the possibility of returning to former club Racing in the near future
The Grifoni attacker has been in fine form this season, bagging 12 goals in only 16 Serie A appearances to date, and his prowess in front of goal has prompted the Nerazzurri marksman to air his opinion that he would be delighted to see the 29-year-old pitch up at San Siro.
"Palacio is doing very well, and I'd be happy if he came to a big club like Inter," Milito told ESPN Radio Rivadavia.
Milito also touched on the chances of his return to former team Racing Club for one final swansong, and revealed his agent has spoken to the Argentine outfit about a possible transfer, but intends to stick with Inter for a further two years.
"There has been no [official] contact with Racing, but my agent has spoken with them to see if there was a possibility of me returning," continued Milito.
"I do not know what will happen in six months, but I plan to stay here for two more years, although it depends on many things."
Milito joined Inter in the summer of 2009 after stints at Racing, Real Zaragoza and Genoa.