The 1998–99 season was Parma Associazione Calcio's 9th season in Serie A. The club competed in Serie A, finishing fourth, and won both the Coppa Italia and the UEFA Cup.

Parma won two trophies in one of the club's most successful seasons. The Coppa Italia win over Fiorentina was followed by a spectacular 3–0 victory against French giants Marseille in the UEFA Cup Final. In the league, Parma could not quite match Milan and Lazio, but managed to clinch the fourth and final Champions League spot.

In the summer, Parma was hit by the departure of playmaker Juan Sebastián Verón to Lazio. The club brought in Ariel Ortega as his replacement, but clearly lost a key ingredient in its perennial championship challenge.

Controversy with regard to this season did affect the club a few years later, when video footage of key player Fabio Cannavaro receiving suspicious injections prior to the UEFA Cup final hit the Internet. It has never been proved that Cannavaro was doping, but the legacy of the season was tainted.

Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.

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