FK Olimpic's first prestigious trophy came in season 2014–15 when the club beat Široki Brijeg to win the Bosnian Cup.

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Fudbalski Klub Olimpic Sarajevo (English: Football Club Olimpic Sarajevo), commonly referred to as just Olimpic, is a professional football club from Sarajevo, based in the part of town which is called Otoka. Being one of the very first teams to be formed in independent Bosnia, they started off playing in the top tier right at the start of the club's formation in 1993, they currently play in the Premier League of Bosnia and Herzegovina, the country's top level league.

The idea to name the club Olimpic came from the fact that city of Sarajevo was the host city to the 1984 Winter Olympics. Olimpic's nickname The Wolves is also linked to the 1984 Winter Olympics by way of the Olympics' mascot Vučko (Wolfie; pronounced in Bosnian: "vooch-ko").

For the 2009–10 season Olimpic planned to host home games at the Asim Ferhatović Hase Stadium while their home ground went through a $5 million modernization which would satisfy UEFA regulations and increase the capacity from 3,000 to 9,000 seats. Moreover, three tiers were planned to provide the area for the 9,000 seats, and artificual grass was planned as well.[16] However, Olimpic played their home games at Stadion Grbavica instead.[17]

At that competition they became runners-up and thereby guaranteed themselves a starting spot in the new Bosnian league that was to be formed and called the First League of Bosnia and Herzegovina, which was organized under the frame of the National Football Association of Bosnia and Herzegovina.[3]

Another notable, contemporary achievement which should be mentioned is that the team participated in the war olympiad in Tuzla, and subsequently went on to win the whole tournament.[3]