After being released by the club in December, the 28-year-old accused the Port Elizabeth side of being ungrateful for the sacrifices he previously made for the team, including taking a salary cut and paying for his own flight ticket when he left Nigeria for pre-season.
But Chilli Boys CEO Morgan Mammila says everything has been settled now between the player and the club.
"No, I had a meeting with Okwuosa," he tells KickOff.com. "As I said to him, we value our players here at Chippa. We value their contribution towards the team, and it was a fruitful meeting.
"We were all happy after the meeting. We settled our matter amicably and we agreed he is still one of us in a way because he is still around PE so he supports and he loves this team.
"So sometimes when you leave you just make a lot of statements that you don't mean, you know. But one thing I can tell you, we met and we are on the same page."
Asked if by that he meant the player will be brought back to the team or be given a new role, Mammila said: "No, not yet, but don't rule out any possibility of that because he has been with the club for a long time.
"I think we are now in the building process of the brand of this team and surely the doors will be open for him. He is still young, he thinks he can still play and I also think he can play and it's just a matter of time and the direction of the team.
"Currently he is still training alone and still looking for a team," Mammila adds.