The Olimpik Baku 2008-09 season was Olimpik Baku's fourth Azerbaijan Premier League season and their third season with Asgar Abdullayev as manager. They participated in the 2008–09 Azerbaijan Premier League as well as the 2008–09 Azerbaijan Cup, finishing the league in 6th place, being knocked out of the Cup at the Quarterfinal stage by Gabala and going out of the UEFA Cup at the 1st Qualifying Round stage after defeat to Vojvodina.

Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.

In: Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.

Out: Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.

In: Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.

Out: Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.

Source: soccerway.com
Rules for classification: 1) points; 2) goal difference; 3) number of goals scored
¹Karabakh won the Azerbaijan Cup 2008–09 and therefore qualified for the second qualifying round of the UEFA Europa League.
(C) = Champion; (R) = Relegated; (P) = Promoted; (E) = Eliminated; (O) = Play-off winner; (A) = Advances to a further round.
Only applicable when the season is not finished:
(Q) = Qualified to the phase of tournament indicated; (TQ) = Qualified to tournament, but not yet to the particular phase indicated; (RQ) = Qualified to the relegation tournament indicated; (DQ) = Disqualified from tournament.

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