Arsen Davidovich Khubulov (; born 13 December 1990) is a Russian former professional football player. He played as a right winger.
He made his Russian Premier League debut for FC Alania Vladikavkaz on 10 May 2010 in a game against FC Spartak Moscow and scored the fourth goal in a 5âÂÂ2 victory.
On 4 February 2019, he signed with FC Yenisey Krasnoyarsk.
On 14 February 2020, he joined Kazakhstan Premier League club FC Shakhter Karagandy.