Olympiacos has defeated Real Madrid by a final score of 100-88 to win the 2013 Euroleague championship.
Olympiacos also won the Euroleague last season, defeating CSKA in the title game in Istanbul.
Vassilis Spanoulis was named MVP of the Final Four, the third time he has won the honor.
Real Madrid started the first quarter strong, holding a 27-10 lead after the first 10 minutes of the game. Olympiacos cut the lead to four at halftime and outscored Real Madrid by 12 points in the fourth quarter after tying the game after three quarters.
Spanoulis had 22 points, four assists and two rebounds in the game, while Acie Law had 20 points and five turnovers.
Rudy Fernandez led Real Madrid with 21 points.