Panathinaikos

Panathinaikos net spend since 2015

Panathinaikos have spent €120m on disclosed transfer fees since July 2015 and received €69m: a net spend of €51m.

That covers 85 signings (51 for a disclosed fee, 29 free, 5 undisclosed) and 91 departures (26 sold for a disclosed fee, 63 free, 2 undisclosed). Loans are counted apart: 17 in, 33 out.

Record signing: Azzedine Ounahi, €11m from Girona (Sep 2026). Record sale: Fotis Ioannidis, €22m to Sporting CP (Sep 2025).

Panathinaikos transfer spending by season

Panathinaikos record signings

1. Azzedine Ounahi · €11m from Girona · Sep 2026
2. Imrân Louza · €7m from Watford · Aug 2026
3. Santino Andino · €6m from Godoy Cruz · Jan 2026
4. Facundo Pellistri · €6m from Manchester United · Aug 2024
5. Tetê · €6m from Galatasaray · Jul 2024

Panathinaikos record sales

1. Fotis Ioannidis · €22m to Sporting CP · Sep 2025
2. Georgios Vagiannidis · €13m to Sporting CP · Aug 2025
3. Tetê · €6m to Grêmio · Jan 2026
4. Nemanja Maksimovic · €5m to Shabab Al Ahli Dubai · Aug 2025
5. Sotiris Alexandropoulos · €4m to Sporting CP · Aug 2022

Panathinaikos trading record: profit on players bought and sold

On the 43 players Panathinaikos both signed and sold since July 2015 (academy graduates and free signings cost nothing), sales brought in €42m against €33m paid: a trading profit of €9m.

• Fotis Ioannidis: signed for €5m (Aug 2020), sold to Sporting CP for €22m (Sep 2025): profit €18m
• Nemanja Maksimovic: signed free (Jul 2024), sold to Shabab Al Ahli Dubai for €5m (Aug 2025): profit €5m
• Adam Gnezda Cerin: signed for €650k (Jul 2022), sold to Al Wahda for €3m (Aug 2026): profit €2m
• Francisco Manuel Vélez Jiménez: signed free (Jul 2020), sold to Al Fateh for €850k (Jul 2022): profit €850k
• Lucas Villafañez: signed for €550k (Feb 2016), sold to Alanyaspor for €1m (Jan 2018): profit €450k

• Daniel Mancini: signed for €3m (Jan 2023), left free for APOEL (Jan 2026): loss €3m
• Tonny Vilhena: signed for €3m (Jul 2023), left free for Willem II (Aug 2026): loss €3m
• Andraz Sporar: signed for €4m (Jul 2022), sold to Alanyaspor for €750k (Feb 2025): loss €3m
• Sebastián Palacios: signed for €2m (Aug 2021), left free for Talleres Córdoba (Jul 2024): loss €2m
• Bartłomiej Drągowski: signed for €2m (Jul 2024), sold to Widzew Lodz for €300k (Jan 2026): loss €1m

Panathinaikos ins and outs 2026/27: who left and who came in, by position

Panathinaikos have made 10 signings and 12 departures in 2026/27, plus 3 loans in and 4 out. Who left each position and who came in:

• Goalkeeper: out nobody; in Iñaki Peña (from FC Barcelona, 900 league minutes since).
• Defence: out Ahmed Touba (loan to Le Havre, 22 league starts in 2025/26), Tin Jedvaj (left free for Al Shabab, 15 league starts in 2025/26), Giannis Kotsiras (left free for Asteras Tripolis, 6 league starts in 2025/26), Filip Mladenovic (left free for Mladost Lučani, 3 league starts in 2025/26); in Stefan de Vrij (free from Inter, 900 league minutes since), Rick van Drongelen (from Samsunspor, 900 league minutes since), Anass Salah-Eddine (loan from Roma, 277 league minutes since), Triantafyllos Tsapras (from Levadiakos, 39 league minutes since), Victor Kristiansen (loan from Leicester City, no league minutes yet).
• Midfield: out Anastasios Bakasetas (left free for APOEL, 17 league starts in 2025/26), Adam Gnezda Cerin (to Al Wahda, 15 league starts in 2025/26), Manolis Siopis (left free for Fatih Karagümrük, 11 league starts in 2025/26), Filip Djuricic (left free for APOEL, 10 league starts in 2025/26), Enis Cokaj (left free for VfL Bochum 1848), Tonny Vilhena (left free for Willem II, 2 league appearances in 2025/26); in Étienne Camara (from Sporting Charleroi, 677 league minutes since), Kings Kangwa (from Hapoel Be'er Sheva, 578 league minutes since), Imrân Louza (from Watford, 445 league minutes since), Azzedine Ounahi (from Girona, 281 league minutes since).
• Attack: out Karol Świderski (to Widzew Lodz, 15 league starts in 2025/26), Milos Pantovic (loan to Železničar Pančevo, 3 league starts in 2025/26), Dimitrios Limnios (left free for APOEL), Miguel Tavares (left free for Panionios), Georgios Kyriopoulos (loan to Kifisia, no league start in 2025/26); in Levi García (loan from Spartak Moskva, 675 league minutes since), Elmin Rastoder (from Thun, 82 league minutes since), Anass Zaroury (from Lens, then loaned to Columbus Crew).

Panathinaikos injury news: injuries and suspensions

Panathinaikos have 3 players injured as of 9 Nov 2026, with €21m of value sidelined.

• Azzedine Ounahi (MID): Hamstring injury · out since 18 Oct 2026 · expected back 4 Jan 2027 · 7 games missed
• Pavlos Pantelidis (FWD): Tibia and fibula fracture · out since 31 Jul 2026 · return date not set · 20 games missed
• Sverrir Ingi Ingason (DEF): Cruciate ligament tear · out since 16 Jul 2026 · expected back 30 Jun 2027 · 22 games missed

Panathinaikos last starting XI

Panathinaikos's last league starting XI, v Iraklis 1908 FC on 8 Nov 2026: Iñaki Peña; Stefan de Vrij, Rick van Drongelen, Davide Calabria, Anass Salah-Eddine; Étienne Camara, Imrân Louza, Vicente Taborda; Santino Andino, Cyriel Dessers, Andreas Tetteh.

3 changes from the side that started v AEK Athens on 1 Nov 2026.

Started at least 3 of the last 5 league games but not this one: Levi García (3) and Kings Kangwa (3).

Opponent: Iraklis 1908 FC.

Panathinaikos minutes played 2026/27

After 10 league games of 2026/27, 10 Panathinaikos players have played at least 60% of the minutes open to them, 5 are rotating and 24 have played under a quarter.

Surplus watch, notable value on under a quarter of the minutes: Anass Zaroury (0%, €11m), Adriano Jagusic (2%, €11m), Facundo Pellistri (5%, €8m), Victor Kristiansen (0%, €7m), Iason Nebis (0%, €6m), Elmin Rastoder (9%, €6m).

Out of contract on 30 June 2027 unless extended: Iason Nebis, Vasilios Lavdas, Pedro Chirivella, Stefan de Vrij, Erik Palmer-Brown, Giannis Bokos, Moussa Sissoko.

Panathinaikos club-trained players

On the record we can verify, 5 players club-trained at Panathinaikos now play for other clubs we track, led by Sotiris Alexandropoulos (Sporting CP, value €3m), Konstantinos Apostolakis (Kifisia, value €590k) and Stefanos Kapino (Winterthur, value €400k).

• Sotiris Alexandropoulos · Sporting CP · €3m
• Konstantinos Apostolakis · Kifisia · €590k
• Stefanos Kapino · Winterthur · €400k
• Diamantis Chouchoumis · Kifisia · €300k
• Alexandros Anagnostopoulos · Kifisia · €270k

We count a player as club-trained when his record shows him registered with the club for three entire seasons or 36 months between the ages of 15 and 21 (UEFA's home-grown test), wherever he started and whatever he cost; time on loan counts for the club that borrowed him.