We investigated the outcome of the interaction between the arbuscular mycorrhizal fungus (AMF) Rhizophagus (R) irregularis DAOM 197198 and the Plant-Growth-Promoting Rhizobacteria (PGPR) (mix of Bacillus megaterium, Burkholdria cedrus and Streptomyces beta-vulgaris) by conducting an olive field experiment. Our data provide evidence that the co-inoculation of R. irregularis and PGPR has important effects on the rhizosphere microbial community. The largest proportional increase was found for the PLFA biomarkers indicative of Gram-negative bacteria (16:1ω9, 18:1ω7 and 18:1ω9), fungi (18:2ω6) and actinobacteria (10Me16:0 and 10Me18:0). Microbial inoculants application of all tested treatments caused a significant decrease in the level of trehalose in the olive rhizosphere. The most pronounced decrease was observed in the plant inoculated with R. intraradices only, suggesting that the presence of AMF may have relaxed the bacterial stress. Co-inoculation of PGPR and AMF significantly improved the nutritional status of olive roots. Specifically, the interaction of PGPR and R. intraradices led to an increase in N (26 %), P (60 %), Fe (25 %), Mn (18 %), Zn (26 %), B (22 %) and Cu (14 %) compared with the control. We also found that the co-inoculation of AMF with PGPR causes a shift in the accumulation of secondary metabolites in olive roots. In particular, the most important effect induced by AMF was an improvement of oleuropein concentration, while co-inoculation of R. irregularis and PGPR positively modulated verbascoside concentration. The novelty of the present work lies in the use of microbial inoculants in the field of olive trees. This approach provided direct information regarding the advantages of using AMF and PGPR inoculants, allowing the reduction of chemical inputs and positively influencing the olive tree performance.