The 27-year old Spanish winger joined from Valencia for £5.55million on deadline day but won't have a monopoly on a starting position as the Swans have a number of quality players in midfield.
"Nathan (Dyer) and Wayne (Routledge) have started the season in great form. Now Pablo is here. We have three fantastic players for two positions and that is important," Laudrup told reporters. "Two will play and one will be on the bench. Pablo looks fit and sharp, but it was the same when Ki Sung-yueng came in.
"It is not a question of whether they cost £1, £5 or £10m. You have to look at the overall picture. We are only in the beginning and everyone wants to play.
"But we need a squad for when we make some changes, either before or during a game, so the level stays the same."