Born in Titova Mitrovica, Prekazi made his first football steps at his local club Remont, being registered for their youth team in early 1974. He soon gained attention as one of the most promising young talents in Yugoslav football and signed with Partizan in December 1974.[1] With the Crno-beli, Prekazi won the Yugoslav First League three times (1975–76, 1977–78, and 1982–83).[2]
In the summer of 1985, Prekazi returned to Europe and signed with Turkish side Galatasaray. He played for the club over the next six and a half years, collecting 185 league appearances and scoring 40 goals, while helping them win back-to-back championship titles in 1986–87 and 1987–88.[5]
In late 1991, Prekazi departed Galatasaray and joined Altay until the end of the 1991–92 season. He also briefly played for Bakırköyspor in the fall of 1992. After returning to Yugoslavia, Prekazi ended his playing career with Trudbenik in the Serbian League North.[6]