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Texas forward Ioannis Papapetrou signs with Olympiacos B.C.

Aug 20, 2013, 4:35 PM EST

Oklahoma Texas Basketball AP

Texas freshman forward Ioannis Papapetrou averaged 8.3 points and 4.4 rebounds per game this past season in Austin. Now the Athens native is taking his talents back overseas, signing with the Euroleague champion, Olympiacos B.C.

This report came from a tweet from EuroHoops.net on Tuesday afternoon.

Back in July, the two-time defending Euroleague champions offered a five-year contract to the 6-foot-8 Papapetrou. This came after he averaged 15.9 points and 5.3 rebounds per game for the Greek Under-20 national team that finished fifth in Under-20 European Championships.

This is the latest loss for head coach Rick Barnes. Last season was chalk full of them. The Longhorns finished 16-18 (7-11 Big 12). Following the end of the season, Texas’ leading scorer Myck Kabango declared for the NBA Draft. Sophomore guards Sheldon McClellan and Julien Lewis, the team’s second and third leading scorers, both decided to transfer. McClellan to Miami and Lewis to Fresno State.

Papapetrou was the team’s fourth leading scorer, which means about 72 percent of Texas’ scoring won’t be there this fall.

Texas’ roster will be young … real young. Jonathan Holmes, a junior forward, is the only upperclassmen on the roster. Point guard Javan Felix and center Cameron Ridley are back for sophomore seasons. Texas adds a pair of four-star guards in incoming freshmen Demarcus Croaker and Kendal Yancy-Harris.

According to Mark Rosner of the Austin American-Statesman, as of 4:18 p.m. the University of Texas has not informed on Papapetrou’s decision.

[UPDATE: 7:21 p.m.]: Rosner has received confirmation from Texas. Papapetrou has signed with Olympiacos: