Knattspyrnufélagið Valur is an Icelandic athletic club based in Reykjavík, Iceland. The club is situated close to the city centre, in the east side of town, on the former farmland of Hlíðarendi. The club was originally formed as part of the local YMCA to play association football, but later incorporated handball and basketball. Valur's handball section reached the EHF Champions League final in 1980. It has won the Icelandic league 22 times, more than any other N1 deildin team.