 On April 27, 2011, Printezis returned to his previous club, Olympiacos, after being transferred from Málaga.In the EuroLeague's 2011–12 season's Final, he hit a game-winning shot, off an assist from Vassilis Spanoulis, with .7 seconds remaining on the game clock, to give Olympiacos the EuroLeague championship, with a victory over CSKA Moscow.On July 12, 2012, he signed a new three-year contract with Olympiacos.