The ex-Bundesliga champions, 1860 Munich have gone down a step further after they finished 16th in the 18-team Bundesliga II.
Pele featured for the Munich side from 1996 to 1998, scoring two games in 50 appearances.
1860 Munich were champions of Germany in 1966 - two years after winning the German Cup.
They lost to West Ham United in the final of the 1965 European Cup Winners' Cup in front of a 97,000 crowd at Wembley.
1860 Munich have not been in the Bundesliga since 2004, and lost 3-1 on aggregate to Leeds United in the third qualifying round of the Champions League in 2000.