When and Where Is the Match Played?

The Olympiacos vs Real Madrid matchup for Matchday 5 of the UEFA Champions League will take place this Wednesday, November 26, at 3:00 p.m. ET at the Karaiskakis Stadium in Greece. The referee appointed for the game is English official Michael Oliver, known for his strict, high-tempo style.

Olympiacos Preview

Olympiacos arrives in a complicated position, sitting 32nd in the overall table with just 2 points in 4 games, the result of two draws and two defeats. The Greek side remains winless and urgently needs a victory to stay alive in the competition.

Their most recent result was a 1–1 home draw against PSV Eindhoven, a match in which the team showed spirit but still struggled to control long stretches of play. For Olympiacos, this showdown is nothing short of a final: losing would leave them on the brink of elimination from Europe’s biggest club tournament.

Real Madrid Preview

Real Madrid travels to Greece as the 9th-ranked team in the competition, holding 9 points from three wins and one defeat. Their last match was a tough 1–0 loss to Liverpool at Anfield, a result that exposed some inconsistencies but did not diminish their strong group-stage campaign.

The pressure is mounting on Xabi Alonso, who needs a victory to regain momentum and secure a more comfortable path toward the knockout rounds. With a squad full of stars and depth, Madrid knows this is the type of match they must win to avoid complications.

Key Players

Daniel Podence (Olympiacos)
Podence is the spark of this Olympiacos team—quick, sharp, and capable of generating danger on his own. His ability to cut inside, break lines and attack spaces will be essential if the home side hopes to trouble Real Madrid’s back line. When Olympiacos needs inspiration, Podence is usually the one to provide it.

Kylian Mbappé (Real Madrid)
Even though Mbappé hasn't scored in his last two Champions League games—or in his most recent LaLiga match—he remains the most threatening player in the Madrid squad. His pace, explosiveness and instinct inside the box can tilt any match. Olympiacos will be fully aware: if Mbappé finds rhythm early, he can decide the match almost single-handedly.

Keys to the Match

Real Madrid will seek to dominate possession, push Olympiacos deep and create numerical superiority near the box, especially through Mbappé and the midfield carousel.
Olympiacos must remain compact, depend on transitions and try to exploit any defensive lapses Madrid may show.

Final Verdict

Real Madrid enters as the clear favorite, both for their squad depth and for their urgency to stay among the direct qualification spots. For Olympiacos, this is do-or-die: a loss could virtually eliminate them.
Everything points to a high-pressure night in Greece, with Madrid expected to push hard and Olympiacos fighting for survival.