Teams are in the mid of a renaissance. Particularly in today’s business environments, characterized by globalization, technological progress and intense competition, the virtual teams—as the work groups with members at different locations, using computer based communication and sharing inputs and other individual efforts through technology—are increasingly becoming prevalent. However there is still a gap in the literature concerning the performance and success of virtual teams. In this study, the interrelationships among leadership, team learning and team performance is theoretically and empirically investigated within the context of virtual teams. After a deep literature review a survey is conducted on 101 teams. The data is analyzed via PLS 3.0 statistical program. The path analyzes results show reveals the important role of leadership on team learning for virtual teams. Moreover the findings underline the vital role of team learning on team success and performance for virtual teams just like for the traditional teams.