Olivera had a brief stint in Mexico with
Cruz Azul during 2005. Olivera played for
Shaanxi Baorong during the 2007
Chinese Super League. He switches on 9 January 2009 from
Paraguayan football
Club Libertad to
Universidad de Chile Universidad de Chile Olivera returned to Universidad de Chile in 2009. During his previous stay with Universidad de Chile in 2005 he reached the finals of the Chilean tournament, during this time he was often paired with Marcelo Salas, scoring 7 goals in the Apertura and once in the Copa Sudamericana of 2005. Olivera is now part of Universidad de Chile starting lineup on regular basis, often deflecting balls with his head. In July 2009, Olivera scored the goal that would end Universidad de Chile's 5-year title drought, defeating Unión Española in the final game of the Apertura play-offs of 2009. Olivera was the tournament's leading goal-scorer with 11 goals. In August 2009, shortly after winning his first title with the Chilean club, Olivera signed a new contract with Universidad de Chile, extending his stay for another three years. During his second sting with "la U", Olivera scored more than 50 goals in official games, doing this in the Chilean Tournament as well as in the Copa Libertadores and the Copa Sudamericana. Olivera left Universidad de Chile after the semifinals of 2010
Copa Libertadores, leaving as the top goal scorer of the Chilean Tournament with 16 goals, a position he retained until a month after his departure. After his campaign with
Club Universidad de Chile, the Arabic club
Al-Shabab Riyadh signed the Olivera as its first option to reinforce its offense. Olivera accepted Al-Shabab's offer for 2 million dollars.
Peñarol After a successful season in the Saudi league he had a strong desire to return to his former team, Peñarol. Eventually with his past experience at an intercontinental championship level with
Club Universidad de Chile, but only to lose to
Santos F.C. in the final.
Al Wasl In the 2011–2012 season, Olivera accepted an offer from
Al Wasl FC in
Dubai to play in the
UAE Football League under the supervision of the legendary
Diego Maradona. He finished the season with 17 goals in all competitions with Al Wasl.
Estudiantes On 23 January 2014, Olivera joined
Argentine Primera División side
Estudiantes de La Plata on a one-year loan deal. ==Honours==