Early career Panarelli started his career at hometown club
Taranto. He won
Serie D Champion in 1995. He played another season at Serie C2 before joining Serie A side
S.S.C. Napoli, which he failed to play regularly. He followed Napoli, relegated to Serie B in 1998, but just played three times before joining league rival
Andria. In the summer of 1999, he joined Serie A side
Torino and followed the team, relegated in 2000 but just played five times in 2 seasons. In summer 2001, he left on loan to Serie B side
Crotone as he was the surplus of Torino for the Serie A campaign.
Roma and loans In the summer of 2002, he was signed by
AS Roma in a co-ownership deal. That season Torino signed
Alberto Maria Fontana (tagged for €5.5M),
Giammarco Frezza (tagged for €5M)
Daniele Martinetti (tagged for €1.6M) in co-ownership deal and Roma signed Panarelli in co-ownership deal for €5M,
Gabriele Paoletti for €5.5M,
Alberto Schettino for €1.6M, which made there were no cash involved but generate €12.1M transfer income to both parties and €12.1M cost to amortize in instalments, generate "profit" in the first season. Panarelli signed a 3-year contract,
Lega Pro He then released by Avellino and in November 2006 signed a contract with
Salernitana. But on 31 January 2007 he joined
U.S. Foggia. In August 2007, he signed an annual contract with
Cavese. In 2008–09 season, he played regularly for
Prima Divisione side
Sorrento. In August 2009, he was signed by
Seconda Divisione side
Brindisi, where he played 17 out of the first 18 matches. In January 2010, he returned to
Taranto. ==Coaching career==