In June 1992, he captained the national team of manager Richard Møller Nielsen in Denmark's first trophy win at the 1992 European Championship. While at Basel, he lost his place in the Danish national team in November 1994. He re-entered the Danish national team in April 1996 and Olsen was chosen to help Denmark defend the trophy at the 1996 European Championship. He did not play any games at the tournament, and he ended his international career in 1996.