Before 1922, this village had been known as Dranova. In 1923, with the population exchange with Turkey, it was settled by refugees, the former residents of the historic Hortokopi in the Pontus. It was chosen mainly because of its plentiful waters, dense forests and its rich flora. Between 1952 and 1960 the transfer of the population from Palio to Neo Hortokopi took place, due to their farm work.
At Palio Hortokopi you can see the chapel of Ae-Yiannes o Vazelon, built in memory of the older monastery back in the Pontus, as well as of the Holy Monastery of Ypapanti (an Old Calendar Monastery).