Ola Dybwad-Olsen (born 4 August 1946) is a former Norwegian footballer who played as a striker for Lyn, Stabæk and Norway.

In the club's most successful year, 1968, he set a still unbeaten club record of scoring 25 goals in 18 league games, and helped Lyn win The Double by scoring in his second consecutive cup final (3-0 win against Mjøndalen).

In 1979, he moved across the city border to Bærum and Stabæk, where he played for three years before retiring in 1982, at the age of 36.

Ola Dybwad-Olsen was capped 24 times for his national team, from 1968 to 1972, scoring 11 goals.

[2] His son, Ola Dybwad-Olsen Junior, is a professional footballer who also played for Lyn.