Despite the Olympic upset, Nazaryan won his third World Wrestling Championship gold medal in 2005. Nazaryan next competed at the 2006 World Wrestling Championships, where he was defeated in the first round in a poor performance. In 2007, Nazaryan was inducted as a member of the FILA Hall of Fame. Nazaryan made a comeback at the 2008 European Wrestling Championships, where he came in second place, thus qualifying for the 2008 Summer Olympics. Although he defeated reigning World Wrestling Champion David Berdinadze in the first round, Nazaryan competed without any medal success. Nazaryan has not competed since the 2008 Olympics.