Saavedra competed in the IndyCar Series season finale at Homestead Miami Speedway for Conquest Racing. He signed on to return to Conquest for the full 2011 IndyCar Series season in the team's No. 34 car. Driving for the single-car Conquest team, Saavedra's best finish was eleventh in the 2011 São Paulo Indy 300. Saavedra failed to qualify for the 2011 Indianapolis 500 while his one-off teammate Pippa Mann qualified for the race. He was replaced in the Conquest car by João Paulo de Oliveira for the Motegi race and Dillon Battistini at the Kentucky Speedway, but returned to the car for the season finale in Las Vegas, which was cancelled after Dan Wheldon's fatal crash. Saavedra finished 25th in the final championship standings.