Real are expected to soon announce the signing of the midfielder, who would join the Spanish giants in January before being loaned back to River for the remainder of the season.
Alonso told AS: “He’s a boy with very good conditions. Real Madrid will not be wrong if they recruit Exequiel Palacios.
“We must not get out of his current ambitions concerning the final of the Copa Libertadores against Boca, he must think of nothing else.
“We hope he will make a grand finale and win the trophy.