Olav \o-lav\ as a boy's name is a variant of Olaf (Old Norse), and the meaning of Olav is "ancestor's relic".

The baby name Olav sounds like Olov and Olave. Other similar baby names are Ola, Elov, Olof, Olle, Olin, Ole, Olaff, Oleg, Olyn, Olen and Orv.