In the summer of 2017 Pardo returned to Olympiacos. On the last day of the summer transfer window, Argentinian club Independiente came with a new proposal for Felipe Pardo, but Olympiacos responded negatively. The Argentinian club was keenly interested in the Colombian winger, but Olympiakos responded negatively to Independiente's offer of €2.6 million with a resale rate for the "Reds" of 20%, as coach Besnik Hasi desired to maintain the player in the team roster.
