Óláfr allra jǫfra
óttlaust ok nam brjóta
varghollr Vinða borgir
vestr hernað rak mestan.
Hrælinns hverju sinni
hljómváttandi knátti
sóknbráðr sigri ráða
Svǫlnis dóms í rómu.
Varghollr Óláfr rak vestr mestan hernað allra jǫfra ok nam óttlaust brjóta borgir Vinða. Sóknbráðr hrælinns hljómváttandi knátti ráða sigri hverju sinni í rómu dóms Svǫlnis.
Wolf-gracious Óláfr pursued in the west the greatest raiding campaign of any ruler and began fearlessly to destroy the strongholds of the Wends. The attack-swift witness of the noise of the corpse-serpent [(lit. ‘noise-witness of the corpse-serpent’) SWORD > BATTLE > WARRIOR] won victory every time in the tumult of the verdict of Svǫlnir <= Óðinn> [BATTLE].
[1] allra jǫfra ‘of any ruler’: Lit. ‘of all rulers’. Jǫfra does not alliterate in l. 1 (while Óláfr and allra do); this is among the indicators of a date no earlier than the late C12th.