Pittsburgh chose Olund in the fifth round (155th overall) in the 2017 NHL Draft.
Olund, 20, recently wrapped up his third season playing professionally in Sweden's top league with Brynas IF. He established career highs across the board with eight goals, 15 assists and 23 points. In the postseason, he added five points (2G-3A) in eight games to tie for second on his club.
Last year, the 6-foot, 185-pound forward enjoyed a breakout campaign with Brynas in the postseason, tallying 10 points (6G-4A) in 20 games as his club advanced to the Swedish Hockey League's championship series. During the regular season, Olund produced eight goals, seven assists and 15 points in 39 contests.
Olund has been logging action in Sweden's top league since 2014-15, when he enjoyed a three-game cup of coffee skating for Brynas as a 17 year old. That same year, Olund was an alternate captain for Sweden's entry at the Under-18 World Junior Championship, where he led the team with five assists in five games.