The 2014–15 season was APOEL's 75th season in the Cypriot First Division and 87th year in existence as a football club.

Season review Head coach changes January 2015: On 6 January 2015, APOEL and Georgios Donis parted company by mutual agreement after a poor run of performances and results, culminating in a 1–1 home draw against the last-placed Ayia Napa. Georgios Donis was replaced by German coach Thorsten Fink, who (on 10 January 2015) signed a contract until the end of the 2014–15 season, with the option of a further season.

May 2015: On 11 May 2015, one day after a questionable 1–0 loss to Apollon Limassol and following a run of disappointing performances, Thorsten Fink was sacked by APOEL, although at that moment the team were two points clear at the top of the league with only two matches remaining. The same day, APOEL's technical director Gustavo Manduca, who only hung up his boots last month, took over as caretaker manager for the team's crucial final two league games of the season, as well as the Cypriot Cup final, alongside assistant coach Giorgos Kostis and former skipper Marinos Satsias.

Pre-season and friendlies The first training session for the season took place on 27 June 2014 at THOI Lakatamia stadium. On 2 July 2014, the team flew to Gdańsk in Poland to perform the main stage of their pre-season training and returned to Cyprus on 19 July 2014. During the pre-season training stage in Poland, APOEL played three friendly matches against Žalgiris Vilnius, Lechia Gdańsk and Arka Gdynia. APOEL drew 1–1 with Žalgiris Vilnius and won both Lechia Gdańsk and Arka Gdynia by 2–1. After their return to Cyprus the team played two friendly matches, beating Greek side Ergotelis 2–0 at GSP Stadium and Doxa Katokopias 3–0 at Makario Stadium. Also, during the fifteen-day break between the third qualifying round and the play-off round of the UEFA Champions League in August, APOEL played three more friendlies, beating Othellos 3–1 and Ayia Napa 2–1 and losing 1–2 against Othellos.

Cypriot Super Cup On 13 August 2014, APOEL lost 1–2 to Ermis Aradippou at Antonis Papadopoulos Stadium in the super cup final. Jonatas Belusso opened the scoring for Ermis after just eight seconds, taking advantage of Mário Sérgio's mistake. APOEL managed to equalize in the second minute of the stoppage time, when Dragan Žarković put the ball in his own net from an Efstathios Aloneftis corner kick. However, the match was not over. With the game being in the fifth minute of the stoppage time and set for penalties, Giannis Taralidis with a direct free kick struck the ball beyond the reach of Tassos Kissas for an epic finish, handing Ermis victory in their first ever Super Cup appearance.

Cypriot First Division

Regular season APOEL's opening Cypriot First Division match against Anorthosis was originally scheduled on 23 August 2014, but was postponed and rescheduled to 24 September 2014, because of APOEL's UEFA Champions League play-off matches against Aalborg BK. On 31 August 2014, APOEL opened their competitive season with an important 2–0 win at GSZ Stadium against AEK Larnaca. Gustavo Manduca, who came on as a 56th-minute substitute, opened the proceedings in the 58th minute and scored a second goal in the last minute of the match, to clinch three vital points for his team. On 13 September 2014, four days before the historical UEFA Champions League match against Barcelona at Camp Nou, APOEL struggled to pick up a 1–0 win at home over Ermis Aradippou. The match was deadlocked until the 88th minute, when Cillian Sheridan finally grabbed the winner from close range, after Vinícius' left-wing cross. On 20 September 2014, APOEL came away with three points, making it three wins out of three games with a 3–1 victory at Ayia Napa. APOEL managed to go ahead 3–0 from the first half with goals by Constantinos Charalambides in the 10th minute, Pieros Sotiriou two minutes later and Gustavo Manduca in the 36th minute. They also managed to hang on, despite being down to 10 men from the 39th minute after Kaká conceded a penalty and was shown the red card. Ayia Napa, which missed the penalty they won in the first half, was able only to pull one back with Vasil Panayotov in the 63rd minute. On 24 September 2014 – in the first matchweek match which was postponed and rescheduled – APOEL beat Anorthosis 2–0 at home and moved three points clear at the top of the table. APOEL had to wait until the 65th minute to open the scoring through Gustavo Manduca, with Efstathios Aloneftis sealing the win 15 minutes from time after taking the rebound from Gustavo Manduca's missed penalty. On 27 September 2014, APOEL dropped their first points of the season, their perfect four-game opening ended by a 0–0 draw against AEL Limassol at GSP Stadium. On 6 October 2014, APOEL came from behind to beat Othellos 2–1 at Antonis Papadopoulos Stadium. Thiago gave Othellos the lead in the 54th minute after a mistake from John Arne Riise, before the Norwegian defender made amends by supplying a sublime cross for Gustavo Manduca's equaliser ten minutes later. Algerian striker Rafik Djebbour opened his goalscoring account for APOEL five minutes before the end, netting the winner with a powerful header after Cillian Sheridan's cross. On 26 October 2014, Rafik Djebbour's header in the 26th minute was enough to give APOEL a 1–0 win over Nea Salamina at GSP Stadium and continue their impressive start to the season. On 1 November 2014, APOEL crushed Ethnikos Achna 4–0 at Dasaki Stadium and remained unbeaten, four points clear at the top of the table. Cillian Sheridan scored twice in the beginning of each half, with Nektarios Alexandrou adding a third and leading scorer Gustavo Manduca getting the fourth. On 10 November 2014, APOEL were held to a goalless draw by Doxa Katokopias at GSP Stadium and their gap ahead of second placed Apollon Limassol was reduced to 2 points. APOEL missed a great chance to grab the three points when Gustavo Manduca's penalty was saved by Doxas' goalkeeper three minutes before the end. On 21 November 2014, APOEL were held again to a goalless draw by second-placed Apollon Limassol at Tsirion Stadium and remained unbeaten in the Cypriot top flight, two points clear at the top of the table. On 30 November 2014, APOEL beat arch-rivals Omonia 1–0 at GSP Stadium, with ex-Omonia midfielder Giorgos Efrem scoring the vital winner in the 38th minute after an amazing backheel pass by Gustavo Manduca. On 5 December 2014, APOEL squeezed past Anorthosis at Antonis Papadopoulos Stadium with a 1–0 victory thanks to a Rafik Djebbour goal nine minutes from time. At the same time, AEK Larnaca humbled second-placed Apollon 3–1 thus allowing APOEL to extend their lead at the top of the Cyprus league to five points. On 15 December 2014, APOEL drew 4–4 with AEK Larnaca in a fascinating match at GSP Stadium and maintained their lead in the standings, but the gap over second-placed Apollon was reduced to three points. AEK took the lead just after 13 minutes with Nikos Englezou, but Rafik Djebbour equalized four minutes later with a volley inside the box. AEK score a second one thanks to a José Kanté header in the 20th minute and just before the break they extended their lead to two goals through a strike from distance by Jorge Larena. One minute after the break, APOEL reduced the deficit to one goal with Rafik Djebbour scoring his second of the match, heading in Mário Sérgio's corner. Nine minutes later, however, AEK extended their lead to two goals again with José Kanté finishing from close range, before Gustavo Manduca miss a penalty for APOEL in the 73rd minute. However, Pieros Sotiriou who came on as a second-half substitute, was the hero for APOEL scoring twice in the last five minutes. He first scored with a sliding volley in the 85th minute and five minutes later he placed the ball into the bottom corner from just outside the box to give APOEL a hard-earned point. On 20 December 2014, APOEL's unbeaten run came to an end as they lost 2–1 away to Ermis Aradippou. The Cypriot First Division leaders went 13 games unbeaten prior to this match but went into the winter break suffering their first league loss, allowing Apollon Limassol to go level on points with them. Pieros Sotiriou put APOEL in front after just six minutes, but Ifeanyi Onyilo scored in the beginning of the second half and in the last minute of the match, to give Ermis the three points. On 5 January 2015, APOEL's winless run continued after an unexpected 1–1 home draw against the last-placed Ayia Napa. Giorgos Efrem broke the deadlock for APOEL after 60 minutes before Georgios Kolokoudias hit back with a stunning free-kick in the last minute of the match. One day later, APOEL parted company with coach Georgios Donis, following the team's poor run of performances and results. On 11 January 2015, under caretaker coach Savvas Paraskeva, APOEL suffered a 2–1 away defeat against AEL Limassol and dropped to the 2nd place for the first time in the season. A brace of second half goals from Nigerian striker Marco Tagbajumi cancelled out John Arne Riise's early opener and condemned APOEL to their second loss in the season. On 11 January 2015, under new coach Thorsten Fink, APOEL extended their winless run to five games after a 1–1 home draw with Othellos and remained in the second place, three points behind leaders Apollon. Othellos took the lead in the 50th minute with Elgujja Grigalashvili's long shot and Rafik Djebbour equalized eight minutes later after receiving a long pass from João Guilherme. In the fourth minute of the added time Marios Antoniades hit the bar with a close header and APOEL missed a great chance to win the three points. On 31 January 2015, Rafik Djebbour's fifth-minute goal proved to be enough for APOEL as they beat Nea Salamina 1–0 at Ammochostos Stadium and ended their five-game winless run. APOEL could score more goals as they missed several chances, including a lost penalty by Rafik Djebbour in the 22nd minute which was saved by Salamina's goalkeeper Ram Strauss. On 7 February 2015, APOEL continued their improving performances under Thorsten Fink with a comfortable 4–0 win over Ethnikos Achna at GSP Stadium. APOEL opened the scoring in the 19th minute through Martin Lanig and three minutes after the break John Arne Riise scored a volley to double his team's lead. In the 73rd minute, Giorgos Efrem chipped the ball past the oncoming Mathieu Valverde to extend APOEL's lead to three goals and two minutes later Rafik Djebbour scored his eighth league goal in the season to make it 4–0. On 14 February 2015, APOEL recorded their third consecutive league victory after beating Doxa Katokopias 2–0 at Makario Stadium, thanks to an early goal by John Arne Riise and an own goal by João Leonardo. On 21 February 2015, APOEL secured a dramatic last minute 1–0 win over title rivals Apollon Limassol at GSP Stadium and moved to the top of the table, level on points with Apollon. Despite playing the final 20 minutes a man down after Kaká’s dismissal, APOEL secured the valuable three points in the last minute of the added time with Nuno Morais netting the winner with a close-range header after Rafik Djebbour's cross from the left. On 28 February 2015, APOEL were held to a 1–1 draw by Omonia and finished the regular season in 2nd place, two points behind leaders Apollon Limassol. APOEL went ahead on the half hour mark with Nuno Morais who finished off Constantinos Charalambides deep free-kick inside the box, but Omonia equalized eight minutes from time when Gaossou Fofana blasted the ball past Urko Pardo after a poor defensive clearance.

Play-offs