As one of the most common transition metal catalysts, mononuclear palladium catalysts have been developed systematically and a widely recognized catalytic mechanism featured with a Pd 0 /Pd II catalytic cycle for a palladium center has been proposed. However, recent research works have revealed that palladium clusters may also be catalysts or catalytic intermediates involved in the catalytic processes. This major discovery brings new perspectives for a deep and comprehensive understanding of the Pd-catalyzed reaction mechanisms. Combining with the latest advances in the field of organometallic chemistry, we here highlight the synthesis, structures, and catalytic reactivities of palladium cluster compounds. This review discusses several well-defined synthetic strategies and diverse palladium cluster-based catalytic systems in detail, to provide insights into the rational design of promising palladium cluster catalysts and the effective search for appropriate synthetic methods. Qian Liu (left) was born in 1997 in Hebei, China. She gained her Bachelor degree from School of Chemistry and Chemical Engineering, Huazhong University of Science and Technology, in 2019. She is now pursuing her Ph.D. degree at Tsinghua University under the supervision of Dr. Liang Zhao. Her current research focuses on the synthesis and catalytic applications of palladium clusters. Liang Zhao (right) was born in 1981 in Ningxia, China. He obtained his Bachelor degree at Peking University (2002) and a Ph.D. degree at Chemistry Department of the Chinese University of Hong Kong under the guidance of Prof. Thomas C. W. Mak (2007). Subsequently, he joined Prof. Peter J. Stang's group at the University of Utah as a Postdoctoral fellow. In November 2009, he joined Chemistry Department at Tsinghua University. His research spans the interdisciplinary areas of supramolecular chemistry and organometallic chemistry, mostly focusing on the controllable synthesis and reactivity studies of polynuclear organometallic clusters.