The various volume concentrations of ionic liquid-modified graphene nanosheets filled polytetrafluoroethylene nanocomposites (IL-GNs/PTFE) for flexible conductors were fabricated via a pre-stretch processing method after cold-press sintering. The results indicated that pre-stretching has no significant weakening in the electrical conductivity of the nanocomposites, while the Young’s modulus greatly reduced by 62.5%, which is more suitable for flexible conductors. This may be because the reduced conductivity by the destructive conductive pathway cancels out the enhanced conductivity by the increased interlamellar spacing of IL-GNs via a pre-stretch processing, and the nanocomposite exhibits a phase transition from two to three-phase (with the introduction of an air phase) during pre-stretching. It was also found that the tensile strength of the nanocomposites was enhanced by 42.9% and the elongation at break and thermal conductivity decreased slightly with the same filler content after pre-stretching. The electrical conductivity of the pre-stretched nanocomposites tended to stabilize at 5.5 × 10−2 s·m−1, when the volume content of the packings achieved a percolation threshold (1.49 vol%). Meanwhile, the electrical resistivity of the pre-stretched 3.0 vol% IL-GNs/PTFE nanocomposite was slightly reduced by 0.30%, 0.38%, and 0.87% respectively after 180° twisting, 180° bending, and 10% stretching strain for 1000 cycles.