| Season: | 1997–98 |
| Winners: | Dynamo Kyiv 6th title |
| League Topscorer: | (22) Serhii Rebrov (Dynamo) |
| Nextseason: | 1998–99 |
The 1997–98 Vyshcha Liha season was the 7th since its establishment. FC Dynamo Kyiv were the defending champions.
| Club | Coach | Replaced coach | Home stadium | |
|---|---|---|---|---|
| FC Dynamo Kyiv |  Valery Lobanovsky | Dynamo Stadium | ||
| FC Shakhtar Donetsk | Valery Yaremchenko | Shakhtar Stadium | ||
| FC Karpaty Lviv | Myron Markevych | Ukraina Stadium | ||
| FC Dnipro Dnipropetrovsk | Vadym Tyschenko | Vyacheslav Hrozny 15 games (first half) | Meteor Stadium | |
| FC Vorskla Poltava | Oleksandr Dovbiy | Viktor Pozhechevskyi 27 games (first half) | Vorskla Stadium | |
| FC Metalurh Donetsk | Volodymyr Onyschenko | Avanhard Stadium (Makiivka) Donetsk Metallurgical Factory Stadium | ||
| FC Nyva Ternopil | Leonid Ischuk | Ihor Yavorskyi 29 games | City Stadium | |
| FC Kryvbas Kryvyi Rih | Oleh Taran | Metalurh Stadium | ||
| FC Metalurh Zaporizhia | Oleksandr Shtelin | Oleksandr Tomakh 17 games Leonid Kliuchyk 1 game | Metalurh Stadium | |
| FC Prykarpattia Ivano-Frankivsk | Bohdan Blavatskiy | Ihor Yurchenko 15 games (first half) | Rukh Stadium | |
| FC Zirka Kirovohrad | Oleksandr Ischenko | Oleksandr Dovbiy 27 games Serhiy Strashnenko 1 game | Zirka Stadium | |
| FC Metalurh Mariupol | Mykola Pavlov | Volodymyr Kuzovlev 1 game Yuriy Pohrebniak 2 games | Azovstal Stadium | |
| FC CSKA Kyiv | Serhiy Morozov | Volodymyr Bezsonov 15 games | CSK ZSU Stadium | |
| SC Tavriya Simferopol | Viktor Hrachov | Ivan Balan 25 games | Lokomotyv Stadium | |
| FC Chornomorets Odesa | Volodymyr Kozerenko | Leonid Buriak 22 games | Black Sea Shipping Stadium | |
| FC Torpedo Zaporizhia | Leonid Koltun | Viktor Matvienko 18 games Vyacheslav Pershyn 4 games | AvtoZAZ Stadium |
| Team | Outgoing head coach | Manner of departure | Date of vacancy | Table | Incoming head coach | Date of appointment | Table | |
|---|---|---|---|---|---|---|---|---|
| SC Tavriya Simferopol | Mykola Pavlov | pre-season | Ivan Balan | pre-season | ||||
| FC CSKA Kyiv | Volodymyr Lozynsky | pre-season | Volodymyr Bezsonov | pre-season | ||||
| FC Kryvbas Kryvyi Rih | Oleksandr Lysenko | pre-season | Oleh Taran | pre-season | ||||
| FC Prykarpattia Ivano-Frankivsk | Viktor Kolotov | pre-season | Ihor Yurchenko | pre-season |
| Rank | Player | Club | Goals (Pen.) |
|---|---|---|---|
| 1 | Serhii Rebrov | Dynamo Kyiv | 22 (5) |
| 2 | Andriy Shevchenko | Dynamo Kyiv | 21 (1) |
| 3 | Oleksandr Palyanytsia | Karpaty Lviv | 17 (2) |
| 4 |  Avtandil Kapanadze | Nyva Ternopil | 15 |
| 5 | Oleksandr Haidash | Tavriya Simferopol | 14 |
| 6 | Hennady Shchekotylin | Chornomorets Odesa | 13 (1) |
| 7 | Valeriy Kryventsov | Shakhtar Donetsk | 11 |
| 8 | Petro Rusak | Spartak Ivano-Frankivsk | 9 |
| Hennadiy Orbu | Shakhtar Donetsk | 9 (1) | |
| 10 | Valentyn Platonov | Kryvbas Kryvyi Rih | 9 |
| Vitaliy Mintenko | Metalurh Donetsk | 9 (2) | |
| Volodymyr Haschyn | Kryvbas Kryvyi Rih | 9 (3) |