The following is a summary of the 2008 season by Paraguayan football (soccer) club Olimpia Asunción.
Olimpia participated in the following competitions in 2008: Torneo Apertura and Torneo Clausura (pertaining to the and the Copa Sudamericana. In December, Eduardo Delmás was elected as the club's new president replacing Oscar Paciello.
Olimpia started the year 2008 with the announcement of a new coach, Argentine Gustavo Costas who promised the use and promotion of the youth division players. The main signing for the year was that of Paraguayan international Carlos Humberto Paredes from Sporting Lisboa. Paredes returned to his home club Olimpia after playing for 8 years in Europe.
Top scorers for Olimpia in the Apertura tournament:
For the Clausura tournament the club hired the requested players by coach Gustavo Costas to fight for the title. However, poor performances and results both in the Paraguayan first division and Copa Sudamericana tournament resulted in the resignation of the Argentine coach on August 28. On the next day, Paraguayan Ever Hugo Almeida was chosen as the new coach of Olimpia, marking his return to the club since the 1993 season where he won the first division title in undefeated fashion.
The following transfers occurred prior to the start of the Clausura tournament:
In:
Out:
Top scorers for Olimpia in the Clausura tournament.
First Round<br /><small>(eliminated)</small>