 In the 2009–10 Euroleague season, Teodosić averaged 13.4 points, 2.5 rebounds, 4.9 assists, and 1.8 steals per game, all career highs up to that point.Teodosić played a crucial role in Olympiacos Pireaus, reaching the EuroLeague Final Four, where they eventually lost in the final to FC Barcelona, after beating KK Partizan in the semi-final.Teodosić was voted onto the All-EuroLeague First Team, and on May 8, 2010, he was officially announced as the EuroLeague 2010 MVP, his first, and to this date only, EuroLeague MVP award win in his career.