Estádio Olímpico Monumental, also known as Estádio Olímpico de Porto Alegre and Estádio Olímpico until 1980, is a football stadium in the city of Porto Alegre, in the Brazilian state of Rio Grande do Sul, with a maximum capacity of 45,000 people. The stadium is owned by Grêmio Foot-Ball Porto Alegrense. Inaugurated on September 19, 1954, the stadium was the home field of the Grêmio football club before being the team moved to Arena do Grêmio in December 2012. Currently, the venue is not in use by the club and suffers from lack of maintenance.

Grêmio Foot-Ball Porto Alegrense, commonly known as Grêmio, is a Brazilian professional football club based in Porto Alegre, capital city of the Brazilian state of Rio Grande do Sul. The club plays in the Campeonato Brasileiro Série A, the first division of the Brazilian football league system, and the Campeonato Gaúcho, Rio Grande do Sul's top state league. The club was founded in 1903 by businessman Cândido Dias da Silva and other 32 men, mostly from the large community of German immigrants of Porto Alegre.