1997 Icelandic Men's Football League Cup

The 1997 Icelandic Men's Football League Cup was the second staging of the Icelandic League Cup. It featured 34 teams. The competition started on 13 March 1997 and concluded on 13 May 1997 with ÍBV beating Valur 3–2 in the final.

Details

 * The 34 teams were divided into 5 groups of 6 teams and 1 group of 4 teams, with the top two teams from each group qualifying for the second group stage. The second group stage consisted of 4 groups each of 3 teams. The teams played each other once with the top team in each group going through to the semi-finals.