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Founded in 1989 as part of Dynamo Kyiv, it entered the Soviet Top League in 1990. The club placed second in its group and yielded the third place play-off to Tekstilschik Ramenskoye. Next season the club only placed 9th in its group.
Following dissolution of the Soviet Union, in 1992 the club entered Ukrainian competitions. In 1992, WFC Dynamo won the first Ukrainian championship. Next season Dynamo yielded the first place. In 1993 the club placed only fourth.
Reestablishment in 2021
In 2021 FC Dynamo Kyiv women team was revived based on a female team of the Piddubny Olympic College (RVUFK) and entered to the Ukrainian Women's League to play in the First League, the second tier of the Ukrainian women association football pyramid. As the manager was appointed Volodymyr Pyatenko.