1968–69 Red Star Belgrade season

During the 1968–69 season, Red Star Belgrade participated in the 1968–69 Yugoslav First League, 1968–69 Yugoslav Cup, 1968–69 European Cup and 1968–69 Mitropa Cup.

Season summary
Red Star beat Partizan 6–1 in the 43rd Eternal derby, which remains their biggest victory in the meetings between the two sides.