After the 2013 league season the club was dissolved due to the bankruptcy of its sole sponsor metallurgical plant Liepājas Metalurgs.

In its debut season Daugava Liepāja were runners-up in the Latvian league behind the champions FK Dinamo Rīga.

Daugava again won the title again in 1947 and the squad included Miervaldis Drāznieks who went on to score 160 goals in the Latvian league.

However, in 1948 Dinamo won the Latvian Cup with future Liepāja player Žanis Zviedris in the team.

In 1954 after beating Daugava Rīga in a match for the chance to play in the Soviet League a united Daugava-Metalurgs club was formed which included six Metalurgs players.

A number of Daugava Rīga players also played for Zvejnieks including Raimonds Laizāns and Dainis Deglis.

However, the club got new funding from the local Metallurgy factory and for the 1997 season at last had a stable budget and ambitious plans again.

In 2005 Metalurgs finally became Virslīga champions and won the first title for Liepāja in an independent Latvia since the 1930s.

After the 2013 league season the club was dissolved due to the bankruptcy of its sole sponsor metallurgical plant Liepājas Metalurgs.

There were talks held with potential investors about salvation of the club, but due to lack of suitable options a decision was made to end its existence.

FK Liepājas Metalurgs players who have either appeared for their respective national team at any time or received an individual award while at the club.