The recent studies aimed to examine the effect of the levels of life satisfaction, psychological well-being of university students that have preferred exercise as leisure activity on their leisure satisfaction. \nThe study population comprised a total of 400 students, 264 male and 136 female, studying in Mugla Sıtkı Kocman University in 2013 – 2014 academic year and doing exercise at the sports center of the school or a private sports center (Age=22.12±2.25 yeaers). The scales used in order to reach the aims of the study were the Satisfaction with Life Scale (SWLS) formed by Diener, Emmons, Griffin and Larson – and modified into Turkish language by Köker, the Psychological Well-Being (PWB) Scale developed by Ryff and adapted to Turkish culture by Akın) and the Leisure Satisfaction Scale (LLS) developed originally by Beard and Ragheb (1980) and readjusted as short-form in 1992, and adapted to Turkish by Gökçe and Orhan. The Kolmogorov-Smirnov test, descriptive statistics, the Pearson Product-Moment Correlation utilized for resolution and interpretation of the data and the t-test methods were made use of in independent groups. \nThe difference between the average scores for life satisfaction by gender variable was found not to be significant [t value = -1.243; p>0.05]. The difference between the average scores for leisure satisfaction by gender variable was found not to be significant [t value = 2.045; p>0.05]. The coefficients of life satisfaction was found (r=.307) for its relation with leisure satisfaction, and, of the sub-dimensions of leisure satisfaction, it was found (r=.333) for leisure psychological satisfaction, (r=.245) for leisure educational satisfaction, (r=.272) for leisure social satisfaction, (r=.213) for leisure relaxation satisfaction, (r=.201) for leisure physiological satisfaction, (r=.239) leisure aesthetic satisfaction.\nIn conclusion of the present study, it may be asserted that it was only expected that this study would present a significant relation between leisure satisfaction and life satisfaction.