Schizophrenia (SZ) is a devastating mental disorder that disrupts higher brain functions like thought, perception, etc., with a profound impact on the individual’s life. Deep learning (DL) can detect SZ automatically by learning signal data characteristics hierarchically without the need for feature engineering associated with traditional machine learning. We performed a systematic review of DL models for SZ detection. Various deep models like long short-term memory, convolution neural networks, AlexNet, etc., and composite methods have been published based on electroencephalographic signals, and structural and/or functional magnetic resonance imaging acquired from SZ patients and healthy patients control subjects in diverse public and private datasets. The studies, the study datasets, model methodologies, and quantitative and statistical comparison of results obtained by the studies are reported in detail. . In addition, the challenges of DL models for SZ diagnosis and future works are discussed.