At F.C. Copenhagen, he quickly became a mainstay in the team, and he was awarded the 1998 F.C. Copenhagen Player of the Year award. Following good displays and a goal scored in two UEFA Cup Winners' Cup matches against Chelsea,[2][3] he joined them in November 1998 for a fee of £330,000, in a deal that sent fellow Dane Brian Laudrup from Chelsea to Copenhagen.[3][4] Goldbæk originally made a big impression when he moved to Stamford Bridge, but was not in favour with Chelsea's manager Gianluca Vialli, who tried to off-load him to Birmingham City and Nottingham Forest. He struggled to hold down a regular rotation place at Chelsea, before Fulham snatched him from Chelsea in January 2000, at the cost of £650,000.[5] He made his Fulham debut in January 2000, a 1–0 home defeat at the hands of Grimsby Town.[6] However, he soon became an important player, as Fulham won the English First Division crown in the 2000–01 season. As Fulham manager Jean Tigana's team strengthened, it appeared Goldbæk's future was becoming bleak at the club.[7] He made just 17 appearances in the 2001–02 season.[8] However, he started the next campaign in the picture, as he came on as a substitute in the Intertoto Cup game against FC Haka from Finland in early July 2002.[9] As a result, Goldbæk would sign a one-year contract extension.[10]
He left Fulham to play for Regionalliga club Rot-Weiss Essen in 2003.[11] Goldbæk justified his move by stating that he had moved with his family into a house located in the nearby town of Gladbeck, and the support Rot-Weiss Essen commanded by regularly having 10.000 spectators at their home games .[12] He was the team captain when the club earned promotion to the 2. Bundesliga in 2004, but as Rot-Weiss Essen were relegated to the Regionalliga again the following year, Goldbæk retired his active career in summer 2005.