Ólöf Pálsdóttir (14 April 1920 – 21 February 2018) was an Icelandic sculptor, and was responsible for one of the most-prominently located statues in Reykjavík, that of a cellist in the water next to the new concert hall.
Ólöf Pálsdóttir was born in 1920 to Páll Ólafsson and Hildur Stefánsdóttir.
She attended Verzlunarskóli Íslands in Reykjavík, the oldest private school in Iceland.
After the War, she studied sculpture under Ingeborg Bachman in Denmark, under Einar Utzon-Frank at the Frederiksberg Technical School in Copenhagen, under Ramses Wissa Wassef in Egypt, and in Rome.
She married Sigurður Bjarnason, a newspaper editor, politician and diplomat, (18 December 1915 – 5 January 2012) on 5 February 1956; they had two children, Hildur Helga and Ólafur Páll.