In 2007, Teodosić signed a five-year contract with Olympiacos of the Greek Basket League, worth €2.8 million net income (after taxes).
Olympiacos also had to pay a buyout to FMP Železnik, to secure his rights.
The contract he signed with Olympiacos included a €1.3 million buyout clause amount.
However, the contract also stipulated that Olympiacos would hold the right to match any offer made to him by another club that offered to pay his buyout.

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.
In 2007, Teodosić signed a five-year contract with Olympiacos of the Greek Basket League, worth €2.8 million net income (after taxes). Olympiacos also had to pay a buyout to FMP Železnik, to secure his rights. The contract he signed with Olympiacos included a €1.3 million buyout clause amount. However, the contract also stipulated that Olympiacos would hold the right to match any offer made to him by another club that offered to pay his buyout.
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.
Miloš Teodosić