Olle \o(l)-le\ as a boy's name is a variant of Olaf (Old Norse), and the meaning of Olle is "ancestor's relic".
The baby name Olle sounds like Ole, Ollie and Olley. Other similar baby names are Allie, Alley, Cale, Kale, Cole, Colle, Dale, Dalle, Elie, Gale, Hale, Halle, Ilie, Jule, Kelle, Kyle, Kile, Lale, Lyle, Nile, Obie, Odie, Odile, Olov, Olof, Olin, Olave, Olav, Ola, Oleg, Olyn, Olen, Rolle, Ull, Vale, Bale, Bille, Wole, Yale, Yule and Zale.