Sportivo Palermo wanted to affiliate to the new association, so the team merged with Club Atlas, an institution from La Paternal, Buenos Aires, in 1915.

That land was located in the crossing of Canning Avenue and the railway tracks, near the Rio de la Plata.

[5] in 1928, Argentina national football team won the silver medal at the Olympic Games, after losing the final at the hands of Uruguay.

That squad had six players of Sportivo Palermo in its roster: Paternóster, Weismuller, Zumelzú, Bidoglio, Herman, and Juan Evaristo.

Sportivo kept out of the official tournaments until 1956, when the club was re-affiliated to Association to play the Primera D championship (then named "Tercera División").