The 26-year-old International midfielder was assassinated in his home city of La Ceiba on Thursday, police spokesman Commissioner Leonel Sauceda said.
Peralta previously played for Scottish giants Rangers and was in the Honduras squad for the London Olympics in 2012.
According to AFP, Police were hunting for at least one gunman, said Sauceda, adding that the motive was unlikely to be a robbery because Peralta had not had his belongings taken.
"Apparently it was one or two individuals who were traveling in a vehicle, a motorcycle or car," he added.
Osman Madrid, Olimpia vice president, told local station HRN: "We are saddened, dismayed."
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