Notable Greek player have played for the team, while foreign world-class players that have played with the club include Dante Amaral, Marcelo Elgarten, André Nascimento, Frank Depestele, Liberman Agamez, Peter Pláteník, Jakub Novotný, Plamen Konstantinov, Boyan Yordanov, Björn Andrae, Andrija Gerić, Clayton Stanley, Ernardo Gómez, Renaud Herpe, Guillaume Samica, Dawid Murek, Paweł Zagumny and Łukasz Żygadło.

In the following years the interest for volleyball became less until before World War II when Panathinaikos presented a powerful team with leader players such as Lambrou, Vallidis, Momferatos, Tzoumanis, Proselentis, Lykouris, Kakridis and more.

Notable coaches of this era was the leading figure of the department Gerasimos Theodoratos, the Yugoslavian Sava Grozdanović and later the ex-player of the team Andreas Bergeles.

The most important achievement of the team was the participation in the final of the European Cup in 1980 with Grozdanović as coach and players such as Georgantis, Agrapidakis, Iliopoulos, Papadopoulos, Malousaris, Gountakos, Astras, Kokkinaras and Koliopoulos.

In the following years, Panathinaikos team continued to dominate the Greek championship with Janusz Badora as coach and players such as Kazazis, Tentzeris, Gontikas, Galakos, Dimitriadis, Margaronis, Karamaroudis and Andreopoulos.