After winning the completed golden set with 15-11, there was a big hug party and ring dance on the field.
Fenerbahce otherwise won the first three sets by 25-14,25-20,28-26 and forced the dramatic decision.
In the golden set, Vakifbank went up to five match balls at 14-9 and a successful block secured the victory on the third match ball.
The Vakifbank players walked around and thanked the fans and some of them showed placards dedicated to the Swedish star.