Jeffrey Lee Russell (born September 2, 1961 Cincinnati, Ohio) is a former Major League Baseball pitcher who played 14 years from 1983 to 1996. Russell played for the Cincinnati Reds of the National League and the Texas Rangers, Oakland A's, Boston Red Sox and Cleveland Indians, all of the American League. He began his career as a starting pitcher with the Reds and Rangers, but was later converted into a closer.

A two-time American League All-Star in 1988 and 1989, Russell finished his Major League career with 186 career saves. In 1989, as a member of the Rangers, he led the A.L. in saves with 38 and won the 1989 A.L. Rolaids Relief Man Award.

Russell's son, James Russell, made the Opening Day roster of the Chicago Cubs in 2010.