Velasco played the following three years with Atlético Madrid (two) and RCD Espanyol, averaging 22 contests per season. On 18 February 2008, after spending the first months of the new campaign without a club, he signed a three-month contract with Football League Championship side Norwich City, following a successful trial; at the end of the season he left for Panthrakikos FC, freshly promoted to the Superleague Greece.
