Original Puma football shirt Atletico Madrid 1997/98

The 1997–1998 campaign was the 92nd season in Atlético Madrid's history and their 63rd season in La Liga, the top division of Spanish football.

Atlético Madrid failed to regain the title they had won in 1996 and finished the season in 7th place. One of the high points of the season was the club's run in the UEFA Cup, reaching the semi-finals. Striker Christian Vieri was the club's top scorer, scoring 24 goals in La Liga (he finished as the league's top scorer and was awarded the Pichichi Trophy) and 29 in all competitions, but transferred to Lazio (who knocked Atlético out of the UEFA Cup) at the end of the season.