Panathinaikos Athens announced the acquisition of Panagiotis Kalaitzakis for the next three years on a 2+1 contract. Last season the Greek played for Lietkabelis Panevezys and competed in the EuroCup, where he averaged 13.0 points, 2.8 rebounds, 2.8 assists, and 1.3 steals in 28 minutes. Lietkabelis has reached the finals of the Lithuanian League, where he averaged 10.2 points, 4.2 rebounds, and 2.9 assists per game.

Panagiotis Kalaitzakis  stated: “I feel very happy and blessed for the opportunity given to me to play in one of the biggest teams in Europe, what I have to do now is to work hard with my teammates and coaches to succeed.”