There have been a large number of papers on bismuth ferrite (BiFeO 3 ) over the past few years, trying to exploit its room-temperature magnetoelectric multiferroic properties.Although these are attractive, BiFeO 3 is not the ideal multiferroic, due to weak magnetization and the difficulty in limiting leakage currents. Thus there is an ongoing search for alternatives, including such materials as gallium ferrite (GaFeO 3 ). In the present work we report a comprehensive study of the perovskite PbTi 1-x Pd x O 3 with 0 < x < 0.3. Our study includes dielectric, impedance and magnetization measurements, conductivity analysis and study of crystallographic phases present in the samples with special attention paid to minor phases, identified as PdO, PbPdO 2 , and Pd 3 Pb. The work is remarkable in two ways: Pd is difficult to substitute into ABO 3 perovskite oxides (where it might be useful for catalysis), and Pd is magnetic under only unusual conditions (under strain or internal electric fields).The new material, as a PZT derivative, is expected to have much stronger piezoelectric properties than BiFeO 3 .