Abstract. The Late Cretaceous Asteroussia event as recorded in the Cyclades is a potential key to the tectonic evolution of Western Tethys. Microstructural analysis and 40Ar/39Ar geochronology on garnet–mica schists and the underlying granitoid basement terrane on the island of Ios demonstrates evidence of a Late Cretaceous high-pressure, medium-temperature (HP–MT) metamorphic event. This suggests that the Asteroussia crystalline nappe on Crete extended northward to include these Gondwanan tectonic slices. In this case, the northern part of the Asteroussia nappe (on Ios) is overlain by the terrane stack defined by the individual slices of the Cycladic Eclogite–Blueschist Unit, whereas in the south (in Crete) the Asteroussia slices are near the top of a nappe stack defined by the individual tectonic units of the external Hellenides. This geometry implies that accretion of the Ios basement terrane involved a significant leap of the subduction megathrust (250–300 km) southward. Accretion needs to have commenced at or about ∼38 Ma, when the already partially exhumed slices of the Cycladic Eclogite–Blueschist Unit began to thrust over the Ios basement. By ∼35–34 Ma, the subduction jump had been accomplished, and renewed rollback began the extreme extension that led to the exhumation of the Ios metamorphic core complex.