The 2014 season was Strømsgodset's 8th season in Tippeligaen following their promotion back to the top flight in 2006, and the first as reigning champions since 1971. The club ended in 4th position, securing them a spot in the 2015–16 UEFA Europa League 1st qualification round.

It was Ronny Deila's seventh and last season in charge, as he left on June 6 to become the manager of Celtic F.C.. Former Strømsgodset forward David Nielsen, who had started the year as the new assistant manager, took over as interim manager on June 7. He signed the permanent deal, lasting until the end of the 2017-season, on August 6.

In the cup they were knocked out by 2. Divisjon side Tromsdalen in the third round, while in the UEFA Champions League qualifications they were knocked out by Steaua București in the 2nd qualifying round.

After winning the 2013 Tippeligaen, only their second league title, Strømsgodset saw some of their most important players leave for other clubs. Their deep-lying midfielder, Stefan Johansen, was sold to Celtic F.C. for a fee of 20 million NOK (£2 million), a club record sale. The two top scoring strikers with 20 league goals combined, Ola Kamara and Adama Diomande, both left the club. Kamara's loan from SV Ried ended, and he signed for Austria Wien, while Diomande was sold from Strømsgodset to Dinamo Minsk for a reported fee of €350,000. Furthermore, box-to-box midfielder Abdisalam Ibrahim, on loan from Manchester City in the 2013 season, signed for Olympiacos. These four players were a large part of the Strømsgodset team in 2013: Only goalkeeper and captain Adam Larsen Kwarasey played more than Johansen and Ibrahim (with 27 matches), while Diomande was involved in 25 matches and Kamara in all 14 league matches (scoring 12 goals) during his loan spell. It was evident that the club had to replace these players if they were to challenge for the title again.

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