On 10th July 2023, Balzan reached an agreement with Hungarian club – DVSC Futball Svervezo to transfer on loan for season 2023/2024 21-year-old Peter Ukeme Olawale, an attacking midfielder.

On 17th January 2024, a mutual agreement was reached with Peter Ukeme Olawale to terminate his contract with Balzan and in the meantime reached a mutual agreement with DVSC Futball Svervezo to terminate the loan agreement made between both clubs.