It competed in the first division of Italian basketball, the LBA, for the last time in the 2020–21 season.
It was formerly a major side in Europe, winning the 1983–84 FIBA European Champions Cup (EuroLeague), and at one time being one of only 13 clubs to hold a EuroLeague A license. However, its standing later waned, and Virtus became less competitive in both Europe and the domestic LBA - which it had won in 1983 – before being voluntarily relegated to the Italian second division in July 2015.
On December 2020, Virtus was dissolved after the club was declared bankrupt after months of financial struggles.
For past club sponsorship names, see sponsorship names.
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