Often referred to as "el ascensor" or "the elevator", Club Olimpo are the most noteworthy example of a yo-yo club in Argentina. The current top division outfit based in the Buenos Aires Province finished 18th last season in the Argentine Primera Division. Something of a yo-yo team throughout their history,
Olimpo have taken their yo-yo'ing to new extremes in recent years. Relegated from the top tier in 2006, they were promoted in 2007, relegated in 2008 and promoted once more in 2011. Club Olimpo have remained in the top flight ever since but only narrowly avoided relegation in 2015.