In August 1980, he released the album "Changing Tides" on CBS's Bang Records, but the album failed to achieve chart success. That same year, Olsson returned to Elton John's band to begin a four-year tenure, appearing on John's albums "21 at 33" and "The Fox". He rejoined former bandmates Murray and Johnstone for the tour behind John's 1982 album "Jump Up!", and stayed with the reformed band through the next two albums and tours for "Too Low for Zero" (1983) and "Breaking Hearts" (1984). Following another line-up change, they would rejoin only one more time in 1988 for backing vocals on "Reg Strikes Back" prior to Murray's untimely death on 15 January 1992.