After only two years of existence, Wolves have reached a place in Europe's second-tier club tournament, the EuroCup, but this was only achieved through monetary agreement rather than game principle.

Wolves also signed Lithuanian men's national basketball team players Eigirdas Žukauskas, Kristupas Žemaitis, solid LKL players like Regimantas Miniotas, Vitalijus Kozys, Arnas Beručka and longtime veteran, holder of multiple Lithuanian league records and former star of Rytas, Mindaugas Lukauskis, locally also known as the Iron man or the Legend.

In the LKL, the club had struggles, but mainly due to the signings of Jeffery Taylor and Eric Buckner, they had risen to the standings.

Wolves started a rivalry with Rytas Vilnius and also had competitive matches with long-time LKL champion and Euroleague participant Žalgiris Kaunas – scoring wins over both teams in February and the beginning of March.

Wolves also defeated Eurocup participants Lietkabelis Panevėžys in the regular season series, which helped them reach third place in the LKL standings.

Wolves made late-season signings, Rashard Kelly and Jerai Grant, to strengthen the team before the playoffs.

By joining the remaining core of the team: Adas Juškevičius, Eigirdas Žukauskas, Regimantas Miniotas, Kristupas Žemaitis, Vitalijus Kozys, Arnas Beručka.

While retaining much of their core players, Wolves did lose out on LKL MVP Ahmad Caver, who left the team during the summer.

Wolves also signed Christian Mekowulu to replace Dellia, Tre'Shawn Thurman, and finished the summer by signing Artūrs Žagars and Vaidas Kariniauskas as the teams new point guards, the last two coming of incredible performances for their respective national teams, Latvia and Lithuania, in the 2023 Basketball World Cup.

Đorđe Gagić was signed as the team's main center - however, he struggled to adjust within the Wolves, and was released later in the season.

Sulaimon lead the team in scoring, twith Thurman, Žemaitis and Kariniauskas also having strong games for the Wolves.

Even the addition of center Garrison Brooks and the return of Jeffrey Taylor, out for most of the first half of the season with an injury, was not enough to change the team fortunes.

In Vilnius, lead by an incredible game by Žemaitis, Wolves beat Neptūnas 91-80 to win their first ever playoff series 2-1.

Due to their great performances against Rytas in the semifinals, experts and fans considered the Wolves as the heavy favorites of the series.