The olive tree (Olea europaea L.) is commonly grown in the Mediterranean area, where it is adapted to resist periods characterized by severe drought and high irradiance levels. Photosynthetic efficiency (in terms of Fv/Fm and ΦPSII), photochemical (qP) and nonphotochemical quenching (NPQ) were determined in two-year-old olive plants (cultivars Coratina and Biancolilla) grown under two different light levels (exposed plants, EP, and shaded plants, SP) during a 21-day controlled water deficit. After reaching the maximum level of drought stress, plants were rewatered for 23 days. During the experimental period, measurements of gas exchange and chlorophyll (Chl) fluorescence were carried out to study the photosynthetic performance of olive plan...