Paracuellos de Jiloca is a municipality in the province of Zaragoza, in the autonomous community of Aragon, Spain. It is situated on the river Jiloca, which gives the place its name.
The municipality is small; according to the 2004 census (INE), it had a population of 507 inhabitants. Its location on the Jiloca places it within the river's valley in the Aragonese countryside of northeastern Spain.