My aim for this literature review is to present and discuss a possible relationship between physical exercise and different kinds of cognitive functions. With the increasing interest on the topic, more studies have been conducted and the results from the studies have been a little ambiguous. The most part of the studies has been showing that exercise has a positive effect on cognitive functions. The evidence from the studies also says that exercise can help the brain to regulate the production of new neurons and to increase brain volume in the prefrontal and temporal areas. That can be very beneficial for elderly people with dementia, Alzheimer's disease or other cognitive declines. Evidence of exercise combined with the right nutrition can enhance cognitive performance even more but to establish this more research is needed.