The eagerly-anticipated quadrennial extravaganza will see a total of 28 footballing nations across six federations vying for glory in front of a global audience, with the first group-stage matches to be played on July 24, before the men's and women's finals take place on August 9 and 10 respectively.
Here, Sports Mole takes a closer look at the previous medal winners of the men's & women's Olympic football tournament, which nations have been the most successful as well as some of the standout records held by both teams and players.
Men's Olympic football records:
Most gold medals: Hungary (3)
Most medals: Brazil (7)
Most Olympic appearances: Italy (15)
Best performance by a host nation: Great Britain, Belgium, Spain, Brazil (Champions)
Most goals scored in a match: Denmark 17-1 France (London 1908)
Biggest winning margin: Denmark 17-1 France (London 1908) & Germany 16-0 Russian Empire (Stockholm 1912)
Top goalscorer (overall): Antal Dunai (13) | Hungary | 13 goals | Tokyo 1964, Mexico City 1968, Munich 1972
Top goal scorer (at single Games): Ferenc Bene | Hungary | 12 goals | Tokyo 1964
Top goalscorer in a match: Gottfried Fuchs | Germany | 10 goals scored in Olympic consolidation round vs. Russia
Youngest goalscorer: Angel Uribe | 16 years, 332 days | Peru vs. France (Rome 1960)
Oldest goalscorer: Ryan Giggs | 38 years, 243 days | Great Britain vs. United Arab Emirates (London 2012)
Top five men's medal winners:
1. Brazil - 7 medals (Gold: 2 | Silver: 3 | Bronze: 2)
2. Germany - 6 medals (Gold: 1 | Silver: 2 | Bronze: 3)
3. Hungary - 5 medals (Gold: 3 | Silver: 1 | Bronze: 1)
4. Soviet Union - 5 medals (Gold: 2 | Silver: | Bronze: 3)
5. Yugoslavia - 5 medals (Gold: 1 | Silver: 3 | Bronze: 1)
Past winners of Men's Olympic football:
Paris 1900 Olympics
Gold Medal: Great Britain
Silver Medal: France
Bronze Medal: Belgium
St Louis 1904 Olympics
Gold Medal: Canada
Silver Medal: Christian Brothers College (USA)
Bronze Medal: St. Rose Parish (USA)
London 1908 Olympics
Gold Medal: Great Britain
Silver Medal: Denmark
Bronze Medal: Netherlands
Stockholm 1912 Olympics
Gold Medal: Great Britain
Silver Medal: Denmark
Bronze Medal: Netherlands
Antwerp 1920 Olympics
Gold Medal: Belgium
Silver Medal: Spain
Bronze Medal: Netherlands
Paris 1924 Olympics
Gold Medal: Uruguay
Silver Medal: Switzerland
Bronze Medal: Sweden
Amsterdam 1928 Olympics
Gold Medal: Uruguay
Silver Medal: Argentina
Bronze Medal: Italy
Berlin 1936 Olympics
Gold Medal: Italy
Silver Medal: Austria
Bronze Medal: Norway
London 1948 Olympics
Gold Medal: Sweden
Silver Medal: Yugoslavia
Bronze Medal: Denmark
Helsinki 1952 Olympics
Gold Medal: Hungary
Silver Medal: Yugoslavia
Bronze Medal: Sweden
Melbourne 1956 Olympics
Gold Medal: Soviet Union
Silver Medal: Yugoslavia
Bronze Medal: Bulgaria
Rome 1960 Olympics
Gold Medal: Yugoslavia
Silver Medal: Denmark
Bronze Medal: Hungary
Tokyo 1964 Olympics
Gold Medal: Hungary
Silver Medal: Czechoslovakia
Bronze Medal: Germany
Mexico City 1968 Olympics
Gold Medal: Hungary
Silver Medal: Bulgaria
Bronze Medal: Japan
Munich 1972 Olympics
Gold Medal: Poland
Silver Medal: Hungary
Bronze Medal: Soviet Union & East Germany (shared)
Montreal 1976 Olympics
Gold Medal: East Germany
Silver Medal: Poland
Bronze Medal: Soviet Union
Moscow 1980 Olympics
Gold Medal: Czechoslovakia
Silver Medal: East Germany
Bronze Medal: Soviet Union
Los Angeles 1984 Olympics
Gold Medal: France
Silver Medal: Brazil
Bronze Medal: Yugoslavia
Seoul 1988 Olympics
Gold Medal: Soviet Union
Silver Medal: Brazil
Bronze Medal: West Germany
Barcelona 1992 Olympics
Gold Medal: Spain
Silver Medal: Poland
Bronze Medal: Ghana
Atlanta 1996 Olympics
Gold Medal: Nigeria
Silver Medal: Argentina
Bronze Medal: Brazil
Sydney 2000 Olympics
Gold Medal: Cameroon
Silver Medal: Spain
Bronze Medal: Chile
Athens 2004 Olympics
Gold Medal: Argentina
Silver Medal: Paraguay
Bronze Medal: Italy
Beijing 2008 Olympics
Gold Medal: Argentina
Silver Medal: Nigeria
Bronze Medal: Brazil
London 2012 Olympics
Gold Medal: Mexico
Silver Medal: Brazil
Bronze Medal: South Korea
Rio 2016 Olympics
Gold Medal: Brazil
Silver Medal: Germany
Bronze Medal: Nigeria
Tokyo 2020 Olympics
Gold Medal: Brazil
Silver Medal: Spain
Bronze Medal: Mexico
Women's Olympic football records:
Most gold medals: USA (4)
Most medals: USA (6)
Most Olympic appearances: Brazil, Sweden, USA (6)
Best performance by a host nation: USA (Champions)
Most goals scored in a match: Netherlands 10-3 Zambia (Tokyo 2020)
Biggest winning margin: Germany 8-0 China (Athens 2004)
Top goalscorer (overall): Cristiane | Brazil | 14 goals | Athens 2004, Beijing 2008, London 2012, Rio 2016
Top goal scorer (at single Games): Vivianne Miedema | Netherlands | 10 goals | Tokyo 2020
Top goalscorer in a match: Birgit Prinz (4 goals for Germany vs. China at Athens 2004) | Vivianne Miedema (4 goals for the Netherlands vs. Zambia at Tokyo 2020)
Youngest goalscorer: Ellie Carpenter | 16 years, 119 days | Australia vs. Zimbabwe (Rio 2016)
Oldest goalscorer: Formiga | 43 years, 143 days | Brazil vs. Netherlands (Tokyo 2020)
Top five women's medal winners:
1. USA - 5 medals (Gold: 4 | Silver: | Bronze: 1)
2. Germany - 4 medals (Gold: 1 | Silver: | Bronze: 3)
3. Canada - 3 medals (Gold: 1 | Silver: | Bronze: 2)
4. Norway - 2 medals (Gold: 1 | Silver: | Bronze: 1)
=5. Brazil - 2 medals (Gold: | Silver: 2 | Bronze: 0)
=5. Sweden - 2 medals (Gold: | Silver: 2 | Bronze: 0)
Past winners of women's Olympic football:
Atlanta 1996 Olympics
Gold Medal: USA
Silver Medal: China
Bronze Medal: Norway
Sydney 2000 Olympics
Gold Medal: Norway
Silver Medal: USA
Bronze Medal: Germany
Athens 2004 Olympics
Gold Medal: USA
Silver Medal: Brazil
Bronze Medal: Germany
Beijing 2008 Olympics
Gold Medal: USA
Silver Medal: Brazil
Bronze Medal: Germany
London 2012 Olympics
Gold Medal: USA
Silver Medal: Japan
Bronze Medal: Canada
Rio 2016 Olympics
Gold Medal: Germany
Silver Medal: Sweden
Bronze Medal: Canada
Tokyo 2020 Olympics
Gold Medal: Canada
Silver Medal: Sweden
Bronze Medal: USA
Lithuania 
Finland 
Albania 
Andorra 
Bosnia And Herzegovina 
Cyprus 
England 
Latvia 
Poland 
Malta 
San Marino 
Romania 
Moldova 
Estonia 
Russia 
Zambia 
Azerbaijan 
Belarus 
Sweden 
Northern Ireland 
Gibraltar 
Czechia 
Israel 
Norway 
Liechtenstein 
Kazakhstan 
Montenegro 
Faroe Islands 
North Macedonia 
Wales 
Switzerland 
Luxembourg 
Barcelona 
Osasuna 
Krylya Sovetov 
Lokomotiv Moscow 
Aubagne 
Bordeaux 
Bayer Leverkusen 
VFL Bochum 
Strasbourg 
Lyon 
Gil Vicente 
Benfica 
Obolon-Brovar Kyiv 
Shakhtar Donetsk 
Sampdoria 
Frosinone 
Bayern Munich 
FC ST. Pauli 
Holstein Kiel 
Werder Bremen 
VFL Wolfsburg 
FC Heidenheim 
Celtic 
Heart Of Midlothian 
Espanyol 
Atletico Madrid 
Reims 
Marseille