Carlos Alberto Valderrama Palacio (Colombian Spanish: [ˈkaɾlos alˈβeɾto βaldeˈrama paˈlasjo]; born 2 September 1961), also known as "El Pibe" ("The Kid"), is a Colombian former professional footballer and sports commentator for Fútbol de Primera, who played as an attacking midfielder. Valderrama is considered by many to be one of the greatest South American players in history and one of the best players of his era. In 2004, he was named by Pelé in the FIFA 100 list of the world's greatest living players.

A creative playmaker, he is regarded as one of the best Colombian footballers of all time, and by some, as Colombia's greatest player ever. His distinctive hairstyle, as well as his precise passing and technical skills made him one of South America's most recognisable footballers in the late 1980s and early 1990s. He won the South American Footballer of the Year award in 1987 and 1993, He is the fifth highest assister in the history of national teams and the twelfth overall, including clubs, and in 1999, he was also named one of the top 100 players of the 20th century by World Soccer.

Valderrama was a member of the Colombia national football team from 1985 until 1998. He represented Colombia in 111 full internationals and scored 11 times, making him the second-most capped player in the country's history, behind only David Ospina. He played a major role during the golden era of Colombian football in the 1990s, representing his national side in three FIFA World Cups and five Copa América tournaments.

After spending most of his career playing club football in South America and Europe, towards the end of his career Valderrama played in Major League Soccer, joining the league in its first season. One of the most recognisable players in the league at the time of its inception, he helped popularise the league during the second half of the 1990s. He remained an icon, and is one of the most decorated MLS players; in 2005, he was named to the MLS All-Time Best XI.

Born on 2 September 1961, in Santa Marta, Colombia, Valderrama began his career at Unión Magdalena of the Colombian First Division in 1981. He also later played for Millonarios in 1984. He joined Deportivo Cali in 1985, where he played most of his Colombian football. In 1988, he moved to the French First Division side Montpellier. He struggled to adapt to the less technical and the faster, more physical, and tactical brand of football being played in Europe, losing his place in the squad. However, his passing ability later saw him become the club's main creative force, and he played a decisive role as his side won the Coupe de France in 1990. In 1991, he remained in Europe and joined Spanish side Real Valladolid for a season. He then returned to Colombia in 1992 and went on to play for Independiente Medellín, and subsequently Atlético Junior in 1993, with whom he won the Colombian championship in 1993 and 1995.

Valderrama began his Major League Soccer career with the US side Tampa Bay Mutiny in the league's inaugural 1996 season. The team won the first ever Supporters' Shield, awarded for having the league's best regular season record, while Valderrama was the league's first Most Valuable Player, finishing the season with 4 goals and 17 assists. He remained with the club for the 1997 season, and also spent a spell on loan back at Deportivo Cali in Colombia, before moving to another MLS side, Miami Fusion, in 1998, where he also remained for two seasons. He returned to Tampa Bay in 2000, spending two more seasons with the club; while a member of the Mutiny, the team would sell Carlos Valderrama wigs at Tampa Stadium. In the 2000 MLS season, the 38-year-old Valderrama recorded the only 20+ assist season in MLS history—ending the season with 26 — a single season assist record that remains intact to this day, and which MLS itself suggested was an "unbreakable" record in a 2012 article.

In 2001, Valderrama joined the Colorado Rapids, and remained with the team until 2002, when he retired. He played his last career match in a 1–1 draw with the Kansas City Wizards on 20 September 2002, with Valderrama assisting Mark Chung's goal, and in doing so at the age of 41 years and 18 days, he became the oldest player in the league's history at the time, a record that has since been surpassed by four other players, including three goalkeepers. His American soccer league career spanned a total of eight years, during which he made 175 appearances. In the MLS, Valderrama scored relatively few goals (16) for a midfielder, but is the league's fourth all-time leader in assists (114) after Brad Davis (123), Steve Ralston (135) – a former teammate, and Landon Donovan (145). In 2005, he was named to the MLS All-Time Best XI.

Valderrama was a member of the Colombia national football team from 1985 until 1998; he made 111 international appearances, scoring 11 goals, making him the most capped outfield player in the country's history. He represented and captained his national side in the 1990, 1994, and 1998 FIFA World Cups, and also took part in the 1987, 1989, 1991, 1993, and 1995 Copa América tournaments.