The first football was brought to Itaperuna city in 1911, and, soon after, the first football matches were played at Fazenda Porto Alegre (Porto Alegre Farm, in English, near Avenida Zulamith Bittencourt (Zulamith Bittencourt Avenue, in English).

In 1915, Porto Alegre Futebol Clube were founded, adopting black, white and red as its official colors.

In 1989, Itaperuna won its most important title, which was the Campeonato Carioca Selective Tournament.

In 2005, Itaperuna disputed Campeonato Carioca Second Level, and finished the competition in 10th in their group, being eliminated in the first round.

The club disputed Campeonato Carioca First Division in 1987 and 1988 as Porto Alegre, and from 1989 to 2001 as Itaperuna.