Nikola Milutinov Olympiacos
Photo: EuroLeague Basketball

According to Nikos Varlas of Eurohoops.net, Olympiacos and CSKA Moscow did not reach an agreement regrading the acquisition of Nikola Milutinov.

The Muscovites made an improved offer, yet the “Reds” turned it down and the negotiations between the two sides have come to an end.

Per Gazzetta.gr, CSKA Moscow offered around 1.5M euros to the Greek club as well as three million euros per year to Milutinov.

The Serbian center averaged 11.7 points, 7.9 rebounds and 1.5 assists in the 2018/19 EuroLeague.