The extractive-pyrolytic method (EPM) was used for the production of composites based on nanocrystalline palladium. Nanoporous microgranules of α-Al2O3 prepared from a plasma-processed nanopowder of Al2O3, were used as a carrier. The organic precursor was prepared by extracting palladium from an aqueous solution using n-trioctylammonium chloride ((C8H17)3NHCl) in toluene. The influence of pyrolysis conditions on the phase composition and nanoparticle size of final products has been investigated. X-ray diffraction measurements demonstrated that the heating of samples to 300, 350 and 400 °C (heating rate 14 °/min) resulted in the formation of nanocrystalline palladium on a porous carrier with an average particles size of 15, 23 and 28 nm, accordingly. IR spectra of the above-mentioned samples did not show the presence of organic impurities. Thermal treatment at 250 °C allows to obtain palladium particles with a crystal size of 7 nm, but the complete decomposition of the organic part has not been achieved under such conditions. It has been found that composites produced at pyrolysis temperatures of 250-400 °C (2.5 wt.% Pd content) exhibit catalytic activity at the oxidation of glycerin by molecular oxygen. The study of magnetic properties has shown that the composite produced at 300 0C exhibits ferromagnetic properties.