Jonas Valanciunas, a veteran center, has officially transferred to Panathinaikos AKTOR Athens as NBA trade talks continue to heat up. He decided to go for Euro League instead of waiting for an extended NBA deal. He took this decision as free agent talks ramp up and several teams look to improve their front court.
League source Michael Scotto originally reported on July 3rd that the calls were coming in fast for Valančiūnas. He was evaluating options overseas, including a number of EuroLeague teams. Even with this move, he is expected to stay in touch with NBA teams moving forward.
Jonas Valanciunas Europe has Affected some big NBA Teams
During his NBA career, Jonas played for the Memphis Grizzlies, New Orleans Pelicans, and most recently, with the Washington Wizards.
Jonas Valančiūnas has now officially signed with Panathinaikos AKTOR Athens, one of Europe’s top basketball clubs, marking a return to the continent where his professional journey began. The decision effectively ends the speculation surrounding his NBA future.

NBA teams like the Boston Celtics, Dallas Mavericks, and the Golden State Warriors also shown interest in Valanciunas. Each franchise actively pursued Valanciunas as a potential addition through a buyout or free agency, aiming to strengthen their roster with veteran presence and frontcourt depth.
A proven low-post scorer and rebounding force, Valanciunas would have been an easy plug-and-play option for any contender.
Who’s Gain, Who’s Loss on Jonas Valanciunas Europe Move?
Panathinaikos gains a dominant leader in Jonas Valanciunas on a €12M deal, boosting Euro League hopes. His return excites Lithuanian fans and strengthens national team prospects ahead of EuroBasket and the Olympics.

Jonas Valanciunas’ Europe move hurts Denver the most. This has weakens the NBA free-agent center pool. The forces teams like the Kings and contenders now need to rethink roster plans and make some necessary changes.
Social Media React to Jonas Valanciunas’ Move to Panathinaikos
News arrived in the basketball community, both surprisingly and very sadly, that Jonas Valančiūnas made the decision to join Panathinaikos AKTOR Athens.
While Euro League fans were thrilled to see another big signing in their league, NBA fans were stunned to see another consistent big man leave their league for good.
Euro League champion, Fenerbahçe Beko spoke to the media and couldn’t speak highly enough of the 33-year-old Lithuanian, citing not only his basketball prowess, but also his character as a person.
“He’s not in Athens yet, but ask Jonas what happened yesterday. I’ve always said it’s important to understand players as people. Just watch some clips—Jonas is exceptional. He’s different. We were sitting together in Abu Dhabi late into the night… In a couple of hours.”
Sarunas Jasikevicius, Lithuanian basketball coach
The Jonas Valanciunas Europe Move may not be just a player signing, but it is a cultural moment that will have rippling effects on the 2025–26 Euro League season.
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