Elvar Már Friðriksson (born 11 November 1994) is an Icelandic basketball player and a member of the Icelandic national basketball team. He has twice been named to the Icelandic Úrvalsdeild Domestic All-First team as a member of Njarðvík. In 2020, he won the Swedish championship with Borås Basket. In 2021, he was named the Lithuanian Basketball League MVP after leading the league in assists. In 2021, he was named the Icelandic Male Basketball Player of the Year.