Pathaleshwara Temple is another popular pilgrimage site in Talakad. It is considered to be one amongst the earliest temples constructed by Ganga kings in this town. The prime attraction of Pathaleshwara Temple is its Shivalingam, which changes colour at different points of the day.
The Shivalingam is red in colour during the morning but changes to black in the afternoon and white at night. Numerous pilgrims arrive at this temple during the Panchalingadarshana that is celebrated once in 12 years.