The drug lord will be sent to the Attorney General Office headquarters (PGR) in Mexico City.
The drug lord will remain in ICE detention while the agency makes arrangements to carry out his removal to Mexico.
Palma served five years in a Mexican prison before being extradited to the United States, where he was sentenced to 16 years for transporting 50 kilograms of cocaine.
After two of Guzmán's attorneys filed an appeal against the extradition request, a third lawyer quickly disavowed it on Saturday.
A judge granted him "provisional suspension", meaning that the foreign ministry has 48 hours to present a report justifying its decision.
Netflix and Univision announced on May 17 that they will co-produce the drama series "El Chapo," set to air in 2017.
He is reading a Christian-oriented self-help book in prison after being denied the small television he used to have before escaping last July.
The drug lord has launched a PR blitz, calling on his lawyers and even his common-law wife to keep his name in the news.
Emma Coronel said that the drug lord is having problems with nervousness and anxiety.
Lawyer José Refugio Rodríguez said drug lord still wants the movie to be made but that the accused drug lord won't contribute money to it.