Papaloukas also joined the elite club of players who have achieved the European title at both the national team and club levels during the same year, as he won the EuroLeague title with CSKA at the Final Four in Prague, April 28-30, 2006.
His most formidable personal recognition came on January 26, 2007, when he was voted by fans and journalists as the FIBA Europe Men's Player of the Year for 2006, topping the likes of Nowitzki, Gasol, and Tony Parker.