The saga relates the story of two Icelandic poets Gunnlaugr ormstunga and Hrafn Önundarson, and their competition for the love of Helga the Fair, granddaughter of Egill Skallagrímsson. The story opens with a prophetic dream of two eagles fighting over a swan, prefiguring the love triangle in the story. The narrative then follows Gunnlaugr and is sympathetic towards him as it describes his ambitious career as a court poet across Scandinavia and the British Isles. He first competes with Hrafn in verse and later in battle.
