 During the 2006–07 season, Olympia Larissa placed 7th in the Greek League regular season, and qualified to the Greek League playoffs for the first time, with core leaders such as former University of Florida standout Matt Walsh, 2007 NBA Draft second round draft pick Georgios Printezis, Georgios Tsiaras, and head coach Georgios Bartzokas.In the 2007–08 season of the Greek League, Olympia qualified for the playoffs for the second consecutive year, after placing 8th in the regular season standings.In the 2007–08 season of the EuroChallenge, the team reached the Top 16 stage of the competition, and that same season in the Greek Cup, the club reached the quarterfinals.