1970 Icelandic Cup
The 1970 Icelandic Cup was the 11th edition of the National Football Cup.
It took place between 2 July 1969 and 14 November 1969, with the final played at Melavöllur in Reykjavík. The cup was important, as winners qualified for the UEFA Cup Winners' Cup.
The top three finishers from the previous season entered in the fourth round. In prior rounds, teams from the 2. Deild, as well as reserve teams, played in one-legged matches. In case of a draw, the match was replayed. For the first time, reserve teams did not enter from this season.
Fram Reykjavík won their first Icelandic Cup, beating ÍBV Vestmannaeyjar in the final, and so qualifying for Europe.
First round
| Team 1 | Team 2 | Result |
| Leiknir Fáskrúðsfjörður | Valur Reyðarfjörður | 4 - 2 |
| Hrafnkell Fr. | Austri | 3 - 0 |
Second round
| Team 1 | Team 2 | Result |
| Leiknir Fáskrúðsfjörður | Hrafnkell Fr. | 1 - 0 |
| FH Hafnarfjörður | UMF Njarðvík | forfeit |
| KS Siglufjörður | Leiftur Ólafsfjörður | 5 - 1 |
| Völsungur Húsavík | Tindastóll Sauðárkrókur | 11 - 3 |
| Víðir Garður | Reynir Sandgerði | forfeit |
| Hamar Hveragerði | Freyr | forfeit |
| þrottur Reykjavík | Hrönn | forfeit |
| Breiðablik Kopavogur | Stjarnan Garðabær | 11 - 0 |
Third round
| Team 1 | Team 2 | Result |
| þrottur Norðfjörður | Leiknir Fáskrúðsfjörður | 3 - 0 |
| Hamar Hveragerði | UMF Selfoss | 1 - 10 |
| Víðir Garður | Breiðablik Kopavogur | 1 - 4 |
| Haukar Hafnarfjörður | FH Hafnarfjörður | 3 - 2 |
| þrottur Reykjavík | Armann Reykjavík | 2 - 6 |
| KS Siglufjörður | Völsungur Húsavík | 4 - 1 |
Fourth round
| Team 1 | Team 2 | Result |
| Breiðablik Kopavogur | UMF Selfoss | 3 - 1 |
| Hörður Isafjörður | Vestri Isafjörður | 1 - 0 |
| Víkingur Ólafsvík | UMF Skallagrímur | 0 - 1 |
| þrottur Norðfjörður | KS Siglufjörður | 3 - 2 |
| Haukar Hafnarfjörður | Armann Reykjavík | 0 - 1 |
Fifth round
- Entry of Valur Reykjavík, Víkingur Reykjavík, ÍBA Akureyri, ÍBV Vestmannaeyjar and Fram Reykjavík.
| Team 1 | Team 2 | Result |
| ÍBV Vestmannaeyjar | ÍBA Akureyri | 2 - 1 |
| Armann Reykjavík | Breiðablik Kopavogur | 0 - 4 |
| þrottur Nordfjörður | Valur Reykjavík | 0 - 15 |
| UMF Skallagrímur | Hörður Isafjörður | 2 - 5 |
| Fram Reykjavík | Víkingur Reykjavík | 3 - 2 |
Quarter finals
- Entry of ÍA Akranes, ÍBK Keflavík and KR Reykjavík.
| Team 1 | Team 2 | Result |
| IA Akranes | ÍBV Vestmannaeyjar | 1 - 2 |
| Fram Reykjavík | Hörður Isafjörður | 7-1 |
| ÍBK Keflavík | Valur Reykjavík | 2 - 1 |
| KR Reykjavík | Breiðablik Kopavogur | 1 - 0 |
Final
- Fram Reykjavík won their first Icelandic Cup and qualified for the 1971–72 European Cup Winners' Cup.