The team prevails over Nantes in ΟΑΚΑ and over Porto in Portugal, loses from Aalborg in Denmark but the victory against Aalborg in OΑΚΑ offer a qualification to the quarterfinals. Panathinaikos carries over Polish Legia by a no goal draw, in the swampy pitch of Legia and later wins easily 3-0 in ΟΑΚΑ. At the semifinals Panathinaikos confronts a monster: Ajax Amsterdam. Panathinaikos triumphs in Amsterdam 1-0 thanks to a goal by Warzycha, but yields in OAKA stadium after losing 3-0.
1996 – Very close to the final
Panathinaikos borders on to participate in the second final of a European competition in his history. The "Greens" eliminate Hajduk and enter the Champions' League group stage.