For the 2002–03 season, Deportivo Galicia moved to the Estadio Olímpico Hermanos Ghersi and a new franchise named Aragua Fútbol Club was born.

made their debut in Primera División with a goalless tie against Trujillanos on 5 August 2005, and remained unbeaten during the first five games of the season.

At the start of the 2006–07 season, goalkeeper Renny Vega was called up by national team coach Richard Páez to represent the Venezuela national football team in a match against Colombia, making Vega the first player to receive an international call-up while playing for Aragua F.C.

On 3 March 2023, the club announced that it would not take part in the Segunda División season and would instead go on a one-year hiatus to solve its financial issues.

Due to the proximity of both states' capitals, Aragua-Carabobo rivalries exist in virtually every professional sport practiced in Venezuela.