Panathinaikos are gearing up for an assault on the throne and a return to the top after 16 years. No other conclusion can be drawn from their activity during this transfer window. Without a doubt, this is the craziest August in the history of the Athens club when it comes to investment in new players. They have signed 12 of them, but the real treat was saved for last night. Panathinaikos signed a deal with Azzedine Ounahi for 15,000,000 euros, a club-record fee that is almost double the previous record held by Djibril Cisse, who arrived from Marseille for 8,000,000 euros. The total amount spent by the Greens in this transfer window stands at almost 50 million euros, the highest in the club's history!Welcome back to Athens, Azzedine ☘️🏛️ pic.twitter.com/vd2MZO7uM9— Panathinaikos F.C. (@paofc_) September 2, 2026 It should also be noted that Milan Skriniar arrived as a free agent, but given his reputation, he is among the highest-paid players in the squad. Ounahi will join that group as well, having agreed a salary of 3,500,000 euros per year. Girona will also do very well out of the deal. In addition to the fixed fee, they will receive another one million euros in potential bonuses, as well as 25 percent of any future sale. The Catalan club had major problems keeping hold of their players. Quite simply, the club were relegated to the Segunda and none of their key players wanted to stay. Girona had hoped that someone would be willing to trigger Ounahi's 25,000,000-euro release clause, but it quickly became clear that was little more than wishful thinking.Police set their sights on gunning third KHU league titleOunahi is now wearing the Panathinaikos shirt for the second time in his career, but this time he is not arriving on loan, as he did in 2024 when he joined from Marseille. Instead, he will sign a four-year contract. This June, he was also targeted by Ajax, primarily because of manager Mitchell, who currently leads the Amsterdam club and was desperate to bring him in, having previously coached him at Girona. The problem was that Ajax are facing financial difficulties and were not prepared to pay what Girona were demanding. In the end, PAO were patient, waited until the transfer window closed in the biggest leagues, seized their opportunity and landed the Moroccan international.##NAJAVA_MECA_9930179##
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