After returning to official competitions in 2018,[2] Peñarol currently plays in the LUB, the top division of Uruguayan basketball.

[3] Recently, Peñarol has also played in the Basketball Champions League Americas, the highest continental level.

The following year, Peñarol won the Federal Championship, a tournament including the best basketball teams in Montevideo.

In 1985, the club was relegated, beginning a downward spiral, which ended with its expulsion from the Uruguayan Federal Championship in 1997.

[4] In 2019, Peñarol won the Metropolitano championship, promoting to the top division, Liga Uruguaya (LUB), after beating Club Cordón in the finals.