Olympiacos has reached back into its recent past to add depth and experience to its backcourt by signing guard James "Scoonie" Penn for the remainder of the season. Penn (180, 33) started the current season with Virtus Bologna and returns to Piraeus after three years to replace Von Wafer, who was released three weeks ago. In his previous turn with the Reds, during the 2006-07 season, Penn averaged 11.9 points, 3.1 boards, 3.4 assists and 1.4 steals in 22 Euroleague games. Penn has been a starter with two other Euroleague teams during his decade-long pro career, having spent two seasons between 2003 and 2006 with Cibona Zagreb, winning the Croatian League both times, and the 2007-08 season with Efes Pilsen. His other stops as a pro include Pallacanestro Trieste (2000-01), Virtus Roma (2001-02), Asheville of the NBDL, Crvena Zvezda Belgrade (2002-03), Makedonikos Kozani (2004-05), Victoria Libertas Pesaro (2005) and BC Kiev (2008-09). Prior to turnin pro, Penn played college basketball at Boston College (1995-1997) and at Ohio State University (1998-00). Penn arrived in Greece on Saturday and is expected to be available for the Reds when they visit his former team, Efes Pilsen, in a big Group B game on Thursday.