Consolidation of frail, degraded wood is a key issue of wooden cultural heritage conservation. Paraloid B72 is one of the most often used consolidant in conservation practice. The present research aimed at formulating stable consolidation solutions of Paraloid B72 with ZnO nano-additives and at determining the influence of these additives on the penetration pathways, retention of the consolidation material into wood and on the water behavior of the treated wood. The experiments were performed on sound samples of aspen (Populus tremula). The addition of nano-ZnO slightly increased the uptake and retention of the consolidant within the wooden structure and led to hydrophobic surfaces. However, the influence of nano-ZnO additives to the water absorption was not conclusive. Scanning Electron Microscope coupled with an EDX Detector investigation proved vessels, fibers, and interconnecting pits as main pathways of consolidant penetration into the wooden structure as well as the presence and distribution of nano-ZnO.