FC Yerevan played in the Armenian Premier League and won the 1997 title. It was founded in 1995 and lasted for five years. It played its home matches at the Hrazdan Stadium. After the 1999 season, the club was dissolved and the players moved on to other clubs in Yerevan.
On July 13, 2018, Football Federation of Armenia announced that the FC Yerevan is returning to professional football and will be taking part in the 2018-19 Armenian First League.
On 5 September, Nebojša Petrović was relieved of his duties as Yerevan's manager, with Assistant Coach Georgi Ghazaryan being placed in temporary charge for Yerevans games against Lori on 13 September. On 16 September, Vlad Goian was appointed as Manager on a one-year contract, before being relieved of his duties and replaced by António Caldas on 4 October. Caldas then resigned on 11 November 2019 following a 7-2 defeat to Ararat-Armenia.