Michael Paragyios (alternate spelling: Michalis Paragios) (Greek: Μιχάλης Παραγυιός; born August 25, 1982 in Greece) is a Greek professional basketball player. He is 2.06m (6 ft 9 in) tall. He plays at the small forward and power forward positions. He currently plays for the pro club Panionios.
During his pro career, Paragyios played with Aris Glyfada, Ionikos Nikaias, Ilisiakos, Maroussi and Panionios. He also won the Greek All Star Game Slam Dunk Contest in the year 2006.