Papanikolaou is on the Greek national team roster for the 2024 Paris Olympics.
Papanikolaou agreed Thursday with Olympiacos B.C. of the Greek Basket League on a three-year contract extension, likely ending a bid to return to the NBA.
Papanikolaou has drawn interest from several teams this offseason and is considering a return to the NBA, Ian Begley of ESPN.com reports.
Papanikolaou agreed to a contract with Olympiacos of Greece that will run through June 2019, Sportando reports.
League sources say that Papanikolaou has been released by the Nuggets, Adrian Wojnarowski of The Vertical reports.
Papanikolaou failed to score (0-3 FG, 0-2 3Pt) and collected five rebounds and one assist across 22 minutes in Tuesday's 93-87 loss to the Nuggets.
Papanikolaou will start Wednesday against Phoenix, broadcaster Jason Kosmicki reports.
Papanikolaou contributed nine points (3-5 FG, 3-4 3Pt) and one steal over 11 minutes in Tuesday's 111-107 loss to the Lakers.
Papanikolaou is in the starting lineup for Tuesday' game against the Lakers, Chris Dempsey of the Denver Post reports.
Papanikolaou saw 14 minutes off the bench in Monday's 114-106 win over the Nuggets, producing five points (2-4 FG, 1-2 3Pt), one rebound, one block, and one steal.