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On 2 January 2019, Pardo left Olympiacos F.C. after three and a half years and 77 caps, 15 goals, 13 assists in all competitions and joined Deportivo Toluca F.C. of Liga MX.

On 11 January 2017, Pardo joined Nantes on loan for the second half of the season.

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.

On 12 September 2017, he scored twice having come on as a substitute in a 3–2 Champions League Group stage loss against Sporting Lisbon at the Karaiskakis Stadium, became only the fourth player in the history of Champions League who scores twice at the same match, coming from the bench. On 5 November 2017, he scored a brace in a 5-1 home Super League win game against Platanias F.C.

Various clubs made an attempt to sign him, but Olympiacos's offer and the opportunity to play in the Champions League brought him at Karaiskaki Stadium. Marco Silva, his ex-coach and the new coach of Olympiacos is a big admirer of Pardo. On 17 July 2015, after two years of exceptional football in Portuguese Primeira Liga, he signed for Olympiacos for a fee of €4.5 million. The transfer was announced on the Greek giants' website on July 18.

On 16 September 2015, Pardo made his debut in Champions League playing in a 3–0 home defeat against Bayern Munich. On 29 September 2015, he contributed to a 3–2 away win against Arsenal for the Champions League scoring the opener and assisting Alfreð Finnbogason to seal the win. On 4 November 2015, Olympiacos were on the verge of reaching the Champions League round of 16 after he came off the bench to inspire a comeback victory against Dinamo Zagreb in Piraeus scoring twice with the second goal coming in the 90th minute. His performance earned him a place among the Champions League team of the week. Pardo played the full 90 minutes as Arsenal beat Olympiacos 3–0 progressing in the Champions League instead of the Greek club. On 3 January 2016, he scored his first goal in Greek Super League, coming on as a substitute in the second half and giving an assist to his teammate Brown Ideye for the winning goal, helping his club to a 3–1 away win against Panionios. He was named "Man of the Match".

On 7 November 2015 Pardo's performances for Olympiacos led to his first call up to the Colombian national team for the qualifying games for the 2018 FIFA World Cup qualification. On 14 November 2017, he opened the score in a 4-0 away friendly game against China.

Next summer Pardo joined Braga for an approximated €600,000 transfer fee signing a four-year contract. He completed his first season in Portugal's top flight, the Primeira Liga, with 9 goals and 5 assists in 41 appearances, establishing himself as a dependable option on the right flank of the attack. He finished the 2014–15 season 34 appearances, scoring 10 goals and making 9 assists.

Pardo started his career with Atlético Huila before moving to Deportivo Cali for the second half of the 2008–2009 season. He scored his first goal with Deportivo Cali against Independiente Medellín in a 3–1 win for Copa Mustang 2009.

Édgar Felipe "Pipe" Pardo Castro (born 17 August 1990) is a Colombian footballer who plays as a winger for Deportivo Toluca F.C.