Theódór Elmar Bjarnason (born 4 March 1987) is an Icelandic professional footballer who plays as a central midfielder for KR Reykjavík.

He also played one season for the reserve team of the Norwegian club IK Start as a 16-year-old, but rejected an offer of a professional contract with them and moved back to Iceland.

[6] On 15 January 2008, Theódór signed for Lyn Oslo,[7] in a bid to play regular first team football again.

Following severe financial difficulties in the running of Lyn, Theódór moved to IFK Göteborg on 22 July 2009.

[9] On 5 January 2019, Bjarnason signed with Turkish club Gazişehir Gaziantep for one and a half years.