Montreal had placed Palushaj on waivers on Monday afternoon so that the club could assign him to their American Hockey League affiliate, the Hamilton Bulldogs.
Palushaj had suffered a shoulder injury in January and was placed on injured reserve. On Feb. 3, he was medically cleared to resume playing and was subsequently placed on waivers.
Originally chosen by the St. Louis Blues with the No. 44 overall selection in the 2007 NHL Draft, Palushaj signed his entry-level contract with the team in 2009. In March of 2010, St. Louis traded him to Montreal in exchange for forward Matt D'Agostini.
In 2011, he made his NHL debut and appeared in three games with the Canadiens. Over the course of 41 career NHL games, Palushaj has compiled one goal and four assists for a total of five points.
In 21 games with Hamilton this season, he has recorded seven goals and three assists for 10 points.