The foundations had been laid however, in the 1964–65 season, Giorgos Paletsios an old Olympiakos football player for 18 years, who had also served as team captain, agreed to manage the team, without being paid a salary for his services. Paletsios proceeded to restructure the team's squad promoting to the first team young and talented players including: Kettenis, Limbouris, Argyrou. Bolstered with young enthusiasm, the team finished in second place in the championship, while in the same year the top scorer of the championship was Olympiakos player Kostakis Pierides, scoring 21 goals.