The best features, fun and footballing quizzes, straight to your inbox every week.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Join the club
Get full access to premium articles, exclusive features and a growing list of member rewards.
The 32-year-old Greece midfielder has spent most of his career at the Athens club, apart from 2003 to 2007 when he enjoyed stints with Inter and Benfica.
"After the current development I will finish my career at Panathinaikos, the team where I started out, and for this I am very happy," Karagounis told the club website.
Karagounis was a member of the Greek squad that won Euro 2004 and has scored six times in 85 internationals.
Article continues belowThe best features, fun and footballing quizzes, straight to your inbox every week.
