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Magnar Nikolai Isaksen (13 October 1910 – 8 June 1979) was a Norwegian footballer who played most of his career for Lyn. He also competed for Norway in the 1936 Summer Olympics and the 1938 FIFA World Cup.

Club career
Isaksen was born in Kristiansund, and started his career for the local club Kristiansund FK, but joined Lyn from Oslo in 1933. He won the Norwegian Cup with Lyn in 1945, having beaten Fredrikstad in the final. On the way to the final Lyn eliminated Isaksen's old club Kristiansund in the quarterfinal. Isaksen played for Lyn for the rest of his career.

International career
Isaksen competed for Norway in the 1936 Summer Olympics, but made his international debut only a month earlier when he scored one goal in the friendly match against Sweden in Stockholm.