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Olympiacos was the club managed by Bajević from 1996 to 1999. During his tenure, the Greek club achieved significant success, winning three consecutive Super League Greece titles (1996-97, 1997-98, 1998-99) and reaching the semi-finals of the UEFA Champions League in 1998-99. Bajević's tactical acumen and man-management skills played a crucial role in Olympiacos's dominance during that era.