We do not know when the ancient Tethys Ocean lithosphere began to founder, but one clue can be found in subduction accreted tectonic slices, including Gondwanan basement terranes on the island of Ios, Cyclades, Greece. We propose a 250–300 km southwards jump of the subduction megathrust with a period of flat-slab subduction followed by slab break-off. The initiation and its subsequent rollback of a new subduction zone would explain the onset of Oligo–Miocene extension and accompanying magmatism.