diff --git a/src/bindings/python/src/openvino/frontend/pytorch/decoder.py b/src/bindings/python/src/openvino/frontend/pytorch/decoder.py
index 01f09e373c5..a35663e93b4 100644
--- a/src/bindings/python/src/openvino/frontend/pytorch/decoder.py
+++ b/src/bindings/python/src/openvino/frontend/pytorch/decoder.py
@@ -141,17 +141,17 @@ class TorchScriptPythonDecoder (Decoder):
         input_signature = None
         if isinstance(pt_module, torch.nn.Module) and not isinstance(pt_module, (torch.jit._trace.TopLevelTracedModule, torch.jit._script.RecursiveScriptModule)):
             input_signature = list(inspect.signature(pt_module.forward).parameters.keys())
-            try:
+            if example_inputs is None:
                 scripted = torch.jit.script(pt_module)
-            except Exception as scripting_err:
-                if example_inputs is not None:
-                    inputs, input_signature = prepare_example_inputs(example_inputs, input_signature)
+            else:
+                inputs, input_signature = prepare_example_inputs(example_inputs, input_signature)
+                try:
+                    scripted = torch.jit.trace(pt_module, inputs)
+                except Exception:
                     try:
-                        scripted = torch.jit.trace(pt_module, inputs)
-                    except Exception as tracing_e:
-                        raise tracing_e
-                else:
-                    raise scripting_err
+                        scripted = torch.jit.script(pt_module)
+                    except Exception:
+                        scripted = torch.jit.trace(pt_module, inputs, strict=False)
         else:
             scripted = pt_module
         if freeze:
@@ -253,7 +253,7 @@ class TorchScriptPythonDecoder (Decoder):
 
     def get_subgraph_size(self) -> int:
         if isinstance(self.graph_element, torch.Node):
-            return len(self.get_subgraphs()) 
+            return len(self.get_subgraphs())
         else:
             return 1