Top five EuroLeague eternal derbies between Panathinaikos and Olympiacos

Who doesn’t eagerly await the big derby between Panathinaikos and Olympiacos? Not only basketball fans in Greece, but across the world

The Greek derby carries many labels, but every battle between Panathinaikos AKTOR Athens and Olympiacos Piraeus captures the attention of basketball fans throughout the continent, regardless of the circumstances. On Friday, January 2, 2026, the next clash – in Round 19 of the 2025-26 EuroLeague regular season – will take place at OAKA.

Panathinaikos currently sits higher in the standings with a 12-6 record, while Olympiacos, with one game in hand, is 10-7. However, the Reds are riding a nine-game winning streak in the eternal EuroLeague head-to-head.

The Greens’ last win dates back to the 2020-21 season at the Peace and Friendship Stadium, a 77-88 victory. Their most recent home win came six years ago, on December 6, 2019.

The rivalry between Greece’s two biggest clubs at the continental level has produced countless memorable moments. From the first clashes in the mid-1990s – often with Final Four implications – to the modern era under the current competition format, where every team faces each other home and away, the derby has remained must-watch basketball.

Eurohoops revisits these EuroLeague matchups, looks back at the results, and presents a Top 5 list to set the tone ahead of the upcoming meeting between these two behemoths.