Maldonado has recently signed for the team where he was "born in soccer", Club Olimpia.
In 2008, he was transferred to Club Olimpia of Paraguay.
In 2010, he returned once again as a coach for Club Olimpia of Paraguay.
The return game was won by Club Olimpia by the same score.
He played most of his club career for Club Olimpia, winning six league titles in 14 seasons.
Club Olimpia won its first championship in history.
His excellent form in 1993 caught the attention of Club Olimpia, who signed Ferreira for the 1994 season.
He made his debut on 23 April, against Club Olimpia.
Club Olimpia is the oldest football (soccer) team in Paraguay.
At the ends of the year 2010, the Club Olimpia had their internal elections, that is usually made every two years.