 While not all graduates made it to the first team, many have enjoyed successful careers in the Icelandic top flight.Under long-time coach Ásgeir Elíasson, the Fram youth squad enjoyed one of its successful periods, winning all age-group competitions, especially in the 70s, 80s and 90s.The youth system is also notable for its contribution to the Iceland national senior and youth teams, providing such players as Ríkharður Daðason, Pétur Marteinsson and Marteinn Geirsson, Eggert Jónsson, Guðmundur Torfason, Birkir Kristinsson, Hólmbert Aron Friðjónsson, Pétur Ormslev, Valur Fannar Gíslason, which they had to sell to Arsenal F.C., Matthías Vilhjálmsson, Guðmundur Steinarsson, Jón Guðni Fjóluson, Hörður Björgvin Magnússon

Fram Reykjavík has for almost 100 years played in Blue and White., Although the team originally played in white.