Reports in Italy claim Inter have agreed an 11million euro deal, while Roma are also believed to the running to acquire the Argentinian forward.
But Capozucca told calciomercato.it. "He is a player that is not only monitored by Inter and Roma. Palacio asked to be transferred. In order for a transfer to be completed, you need three parties to work in the same direction: the buyer, the seller and the player. We are not ruling anything out.
"There are young interesting players at Roma that could interest us but they could also interest other clubs. We will wait a little bit.
"It's the [Genoa] president Enrico Preziosi that will make the decision and he will announce his choice in the coming days."
Palacio, 30, came close to joining Inter last summer but Genoa turned down all bids for the former Boca Juniors player. The South American, who scored 19 goals in 32 league games last season, is under contract with the Grifoni for a further two years.
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