Sources tell HoopsHype.com that European powerhouse Olympiakos will soon be facing a grievance filed through FIBA’s Arbitral Tribunal related to outstanding payments from the 2008-09 season due to Bulls guard Jannero Pargo.

Pargo signed with Olympiakos in January after securing a buyout with financially struggling Dynamo Moscow. They parted ways two months later.

Olympiakos, who has consistently been one of the top teams in Europe for the last two decades, has been mentioned this summer as a possible destination for free agents like Allen Iverson, Nate Robinson and Linas Kleiza.