After several seasons, Foolad lost many of its key players through transfers and internal problems and also displayed a poor performance in the 2006 AFC Champions League.

Foolad won the Ahwaz City Championship in 1991 and entered the 2nd division of the Khuzestan football league two years later.

The team was finally able to win the IPL in the 2004–05 season but due to some ensuing internal problems and coaching difficulties could not perform well in the 2006 Asian Champions League.

Foolad start the 2007–08 season at Azadegan League and won the playoff spot despite their strong leadership until the last weeks.

A few weeks later they bought the right to play in Persian Gulf Cup from Sepahan Novin and promoted to IPL.

At the Jalali's final year as Foolad manager, the club ended the season at the 14th place, the worst since their promotion back to the league.

After Jalali's contract was not renewed, Naft Tehran manager Hossein Faraki was named as the club's new head coach.

Five days later, Foolad advanced to the Round of 16 of the AFC Champions League for the first time after they defeated El-Jaish of Qatar.

On 23 May 2014, Faraki resigned as the manager of the club, due to knee problems, despite two good seasons with Foolad.

Jundishapur University The team competes in Ahvaz derby against Esteghlal Khuzestan which is a new born club.

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

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

The club plays their home games at the newly built 30,655-seat Foolad Arena in northern Ahvaz since 2019.