The Super Cup was first organized by the Hellenic Basketball Federation (HBF) in 1986 and initially took the form of a two-leg series between the Greek League Champion and the Greek Cup winner. The Greek Super Cup was revived in 2020 by the Hellenic Basketball Clubs Association (HEBA), adopting a Final Four format with the participation of the top four teams from the previous championship. Olympiacos took part for the first time in 2022 as the reigning champion of the previous season and has since recorded four consecutive titles (2022–2025).

In their first two triumphs in the competition, Olympiacos comfortably defeated Panathinaikos by margins of 15 points (67–52, MVP Fall) and 24 points (75–51, MVP Larentzakis), while in 2024 our team once again overcame its eternal rival with an 86–85 victory, with Sasha Vezenkov named MVP upon his return to the Port. In 2025, Olympiacos faced Promitheas in the final and prevailed 92–83, with Tyler Dorsey being named Most Valuable Player.