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In the 1984–85 season Panathinaikos played for the 26th consecutive time in Greece's top division, the Alpha Ethniki. They also competed in the European Cup and the Greek Cup.

Squad

Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.


No.	Pos.	Nation	Player
—	GK	GRE	Antonis Minou
—	DF	GRE	Kostas Mavridis
—	DF	GRE	Nikos Karoulias
—	DF	GRE	Giannis Vonortas
—	MF	GRE	Kostas Antoniou
—	MF	GRE	Spiros Livathinos
—	MF	GRE	Grigoris Papavasiliou


No.	Pos.	Nation	Player
—	MF	YUG	Velimir Zajec
—	MF	GRE	Dimitris Saravakos (captain)
—	MF	GRE	Giannis Kyrastas
—	MF	ARG	Juan Ramon Rocha
—	FW	GRE	Grigoris Charalampidis
—	FW	GRE	Thanasis Dimopoulos
—	FW	GRE	Maik Galakos

Pos	Team v t e	Pld	W	D	L	GF	GA	GD	Pts	Qualification or relegation
1	PAOK (C)	30	19	8	3	54	26	+28	46	Qualification for European Cup first round
2	Panathinaikos	30	17	9	4	61	30	+31	43	Qualification for UEFA Cup first round
3	AEK Athens	30	16	11	3	58	29	+29	43	Qualification for UEFA Cup first round
4	Olympiacos	30	17	8	5	53	23	+30	42
5	Iraklis	30	19	3	8	59	33	+26	41

Source: RSSSF
Rules for classification: 1st points; 2nd head-to-head points; 3rd head-to-head goal difference; 4th decision match.
(C) Champions

19 September 1984 First leg	Feyenoord	0–0	Panathinaikos	Rotterdam, Netherlands
20:00		Report		Stadium: De Kuip Attendance: 38,542 Referee: Neil Midgley (England)

3 October 1984 Second leg	Panathinaikos	2–1 (2–1 agg.)	Feyenoord	Athens, Greece
20:00	Mavridis 41' Rocha 43'	Report	Rep 69'	Stadium: Olympic Stadium Attendance: 73,991 Referee: Vojtech Christov (Czechoslovakia)

24 October 1984 First leg	Panathinaikos	2–1	Linfield	Athens, Greece
19:00	Charalambidis 42' (pen.) Tarasis 88'	Report	Totten 20'	Stadium: Olympic Stadium Attendance: 51,985 Referee: Lajos Németh (Hungary)

7 November 1984 Second leg	Linfield	3–3 (4–5 agg.)	Panathinaikos	Belfast, Northern Ireland
21:00	McGaughey 6', 26' (pen.) Maxwell 10'	Report	Saravakos 29' Rocha 33' Antoniou 63'	Stadium: Windsor Park Attendance: 7,269 Referee: Peer Frickmann (Denmark)

6 March 1985 First leg	IFK Göteborg	0–1	Panathinaikos	Gothenburg, Sweden
19:00		Report	Saravakos 50' (pen.)	Stadium: Ullevi Attendance: 40,026 Referee: Brian McGinlay (Scotland)

20 March 1985 Second leg	Panathinaikos	2–2 (3–2 agg.)	IFK Göteborg	Athens, Greece
19:00	Dimopoulos 44' Saravakos 78' (pen.)	Report	T. Nilsson 11' Tord Holmgren 53'	Stadium: Olympic Stadium Attendance: 74,130 Referee: Volker Roth (West Germany)

10 April 1985 First leg	Liverpool	4–0	Panathinaikos	Liverpool, England
20:30	Wark 35' Rush 48', 49' Beglin 85'	Report		Stadium: Anfield Attendance: 39,488 Referee: Jan Keizer (Netherlands)

24 April 1985 Second leg	Panathinaikos	0–1 (0–5 agg.)	Liverpool	Athens, Greece
20:00		Report	Lawrenson 60'	Stadium: Olympic Stadium Attendance: 55,539 Referee: Adolf Prokop (East Germany)