In the season
2023–24 of
Super League 2, Olympiacos B finished 10th hence was relegated to Gamma Ethniki, the third highest football league in Greece. However, clubs in Gamma Ethniki can only consist of amateur players since it's an amateur division, hence no professional players can play in the reserve team of Olympiakos which was the case in the past for players like
Youssef El Arabi,
Kostas Fortounis etc. and young players like Apostolopoulos. However, following statements by Olympiacos F.C. vice president Kostas Karapapas, and following an invitation from the organizing authority, the second team would eventually return to the Super League 2 in the
2025–26 season. ==Notable players==