Gliophorus versicolor is a species of agaric fungus in the family Hygrophoraceae.

Found in New Zealand, it was described as new to science in 1973 by mycologist Egon Horak.

[2] Within the genus Gliophorus, it is classified in the section Glutinosae, a grouping of species characterized by having bright colors, decurrent gills, and a gelatinized subhymenium.

Moist caps are gluey with a color ranging from reddish brown to pinkish-lilac; the cap margin has radial grooves mirroring the gills underneath.

The cylindrical, hollow stipe measures 2–7 cm (0.8–2.8 in) by 1.5–3 mm (0.06–0.12 in) thick.