They had similar results during the next decade, which were spent in third and fourth tier of official competitions in SFR Yugoslavia.

FK Jezero became one of the strongest sides in the Montenegrin Fourth League, with almost-done promotion in the 1995–96 season.

In the higher level, they met eternal-rival side FK Gusinje, which was a permanent member of the Montenegrin Republic League.

With that result, the team from Plav was promoted to Montenegrin First League, which remains a biggest success in the clubs' history.

At that time, FK Jezero spent only one season in Prva CFL, and most of their home games were played in Berane City Stadium, because of lack of infrastructure in Stadion Pod Racinom.

Since then, FK Jezero played in the Montenegrin Second League, but without significant results until the season 2019-20, when they finished as a runners-up.

Second game, played in Plav, finished with sensation, as FK Jezero won 3-1 and gained promotion to Prva CFL, first after 11 years spent in second-tier.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.