The objective of this work is to study the properties of blends that could result from the recycling of end-of-life vehicles (ELV). While ethylene propylene rubber (EPR) and ethylene propylene diene monomer (EPDM) have been used extensively as elastomeric additives in poly(propylene) (PP), they can be substituted by ethylene-1-octene copolymer (EOC). As a consequence, the matter resulting from the sorting of ELV might be more complex and made of PP, EPR, and EOC. The effect of incorporating EOC [that is a polyethylene elastomer (PEE)] and maleic anhydride grafted polypropylene (PP-g-MAH) on the rheological, thermal, and morphological properties of PP/EPR blends has been investigated. Blends of various compositions (with and without compatibilizer) were prepared using a corotating twin-screw extruder. The results were compared to the ones presented by a commercial [PP/EPR) blend. The EPR phase is dispersed in the form of spherical particles in (PP/EPR). The EOC phase is dispersed in the form of aggregated particles. Dynamic viscoelastic and differential scanning calorimetry properties of (PP/EPR)/EOC blends shows the incompatibility of the components even in presence of PP-g-MAH copolymer.