The most well-known Italian basketball team in the world is likely AX Armani Exchange Milano, commonly known as Olimpia Milano. They are the most successful team in the Italian basketball league, Lega Basket Serie A (LBA), having won the title a record 31 times. Olimpia Milano also has a significant presence on social media, indicating a strong fan base and international recognition source.

The most known Italian basketball team in the world is Olimpia Milano. This team has won the Lega Basket Serie A (LBA) championship a record 31 times, making it the most successful team in Italian basketball history. Additionally, Olimpia Milano is also known for its international success and is considered one of the most successful and well-known basketball clubs in Europe. Here is an image of the Italy men's national basketball team, which includes players from various Italian clubs, showcasing the talent that Italy has in basketball: .