Founded in 2020, it is the third team of PFC Ludogorets Razgrad, and currently plays in Third League, the third level of Bulgarian football.

Obliged to play one level below their main side, Ludogorets III is ineligible for promotion to Second League League, where plays the reserve team Ludogorets II, and also can not compete in the Bulgarian Cup.

In August 2020 Ludogorets started a third team, which joined the Bulgarian Third League.

[2] In November 2020 Zahari Sirakov was announced as the new manager of Ludogorets III and U19 team.

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