The 1991–92 Sarajevo season was the club's 45th season in history, and their 43rd season in the top flight of Yugoslav football, the Yugoslav First League. Besides competing in the First League, the team competed in the National Cup.

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

No. Pos. Nation Player — GK  YUG Mirsad Dedić — GK  YUG Anto Jakovljević — DF  YUG Ibrahim Duro — DF  YUG Said Fazlagić — DF  YUG Nudžein Geca — DF  YUG Miloš Nedić (3rd captain) — DF  YUG Edin Omanović — DF  YUG Dejan Raičković (Vice-captain) — DF  YUG Srđan Slagalo — DF  YUG Memnun Suljagić — DF  YUG Goran Šljivić — DF  YUG Mirza Varešanović — DF  YUG Vejsil Varupa — DF  YUG Risto Vidaković (Captain) — MF  YUG Samir Abdurahmanović

No. Pos. Nation Player — MF  YUG Murat Jašarević — MF  YUG Igor Lazić — MF  YUG Samir Mekić — MF  YUG Senad Merdanović — MF  YUG Željko Mijović — MF  YUG Ismet Mulavdić — MF  YUG Senad Repuh — MF  YUG Emir Vazda — MF  YUG Sretko Vuksanović — FW  YUG Slobodan Franković — FW  YUG Senad Lupić — FW  YUG Hidajet Mehremić — FW  YUG Vladimir Papović — FW  YUG Dinko Vrabac

Source: ^[1][2][3][4]

Supplier	Sponsor
Uhlsport	VW, Audi Cenex

Pos	Team v t e	Pld	W	PKW	PKL	L	GF	GA	GD	Pts
7	Rad	33	14	1	2	16	48	43	+5	29
8	Borac Banja Luka	33	11	6	4	12	24	32	−8	28
9	Sarajevo	32	12	3	3	14	33	45	−12	27
10	Zemun	33	12	2	5	14	44	43	+1	26
11	Radnički Niš	33	12	2	3	16	37	48	−11	26