A comprehensive taxonomic assessment of the most agriculturally important and highly diverse spider mite genus, Oligonychus Berlese (Acari: Tetranychidae) was performed. The sub-generic division, species groups, doubtful species, species complexes and the interpretation of a key generic character are discussed. Based on the orientation of the male aedeagus, only two subgenera, namely Oligonychus Berlese (aedeagus downturned) and Reckiella Tuttle & Baker (aedeagus upturned), are valid in the genus Oligonychus. The subgenera Homonychus Wainstein, Metatetranychoides Wainstein, and Wainsteiniella Tuttle & Baker are considered to be synonyms of the subgenus Oligonychus, whereas the subgenus Pritchardinychus Wainstein is proposed as a synonym of the subgenus Reckiella. Moreover, based on female morphological characters, four species groups (coffeae, exsiccator, iseilemae, and peruvianus) and 11 species subgroups (aceris, biharensis, coffeae, comptus, exsiccator, gossypii, iseilemae, peruvianus, pritchardi, smithi, and subnudus) are suggested in the subgenera Oligonychus and Reckiella. Fourteen Oligonychus species are proposed as species inquirendae, and potential cryptic species complexes in the genus Oligonychus are briefly highlighted. It is agreed that the clunal seta h1 is always absent, while the para-anal setae h2 and h3 are always present in the genus Oligonychus. A key to subgenera, species groups, and species subgroups of the genus Oligonychus is provided.