It has not been possible to identify one "Monsignore Francesco Paludino (or Paladino) of Ferrara" referred to in the inscription, perhaps the sitter rather than the artist.
Inscribed near bottom in pen and brown ink, "Monsr[r in superscript] fraco[o in superscript] paludino primo co[...; cut]/ ferara"; on verso at top, cut by edge of paper, in pen and brown ink, parmesan; in pencil in lower left corner, "702".
Watermark: Six-pointed star, fragment of larger watermark (cf. Briquet 6030).
Belli, Valerio, approximately 1468-1546, Formerly attributed to.
Murray, Charles Fairfax, 1849-1919, former owner.
Morgan, J. Pierpont (John Pierpont), 1837-1913, former owner.
Morgan, J. P. (John Pierpont), 1867-1943, former owner.
Selected references: Fairfax Murray 1905-12, 4: no. 157 (as school of Ferrara).
Collection J. Pierpont Morgan : Drawings by the Old Masters Formed by C. Fairfax Murray. London : Privately printed, 1905-1912, IV, 157. (as School of Ferrara)