Theodor Olsen Aaset (3 July 1862 – ??) was a Norwegian politician for the Labour Party.
He was born at Aaset in Grue as a forester's son. He worked as a carpenter and smallholder in Grue. In 1904 he was elected to the executive committee of Grue municipal council, and during the term 1913–1915 he served as a deputy representative to the Parliament of Norway from the constituency Solør. When regular representative August Embretsen died in late 1914, Aaset took his seat in Parliament.
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