Season 2016–17 saw Crvena zvezda parting ways with its two star players, Maik Zirbes and Quincy Miller, as well as Tarence Kinsey, Vladimir Štimac and Vasilije Micić.

[5] When the season already began, the club brought on Nate Wolters who was waived by Detroit Pistons.

[7] Building on previous years tactics, Zvezda's trademark became its strong, aggressive defense, pressure on the ball, intercepting passes, steals and resulting fast breaks.

However, it decisively defended ABA league trophy, defeating Budućnost VOLI (2-1) and Cedevita (3-0) on its way.

[13] In the domestic championship, Zvezda ended league part with the score of 13-1, defeated Mega Leks (2-0) and FMP (3-0) in the playoffs, and lifted another trophy.