Catalysis has witnessed a dramatic increase on the use of metallic nanoparticles in the last decade, opening endless opportunities in a wide range of research areas. As one of the most investigated catalysts in organic synthesis, palladium finds numerous applications being of significant relevance in industrial hydrogenation reactions. The immobilization of Pd nanoparticles in porous solid supports offers great advantages in heterogeneous catalysis, allowing control of the major factors that influence activity and selectivity. The present review deals with recent developments in the preparation and applications of immobilized Pd nanoparticles on solid supports as catalysts for hydrogenation reactions, aiming to give an insight on the key factors that contribute to enhanced activity and selectivity. The application of mesoporous silicas, carbonaceous materials, zeolites, and metal organic frameworks (MOFs) as supports for palladium nanoparticles is addressed.