The ÍBV women's football team is the women's football department of the ÍBV-íþróttafélag (English: ÍBV sports club) multi-sport club.

The team was back the next season and in 1996 it was promoted to Úrvalsdeild kvenna.

The team folded after the 2004 season but was resurrected in 2007 when it participated in the Icelandic cup.

[4] In 2017 the team won its second Icelandic Cup after beating Stjarnan 3-2 in extra time.

[2] In November 2018, the club hired Jón Óli Daníelsson as its manager, replacing Ian Jeffs who joined the Icelandic women's national football team as an assistant manager.