An intensification of toxic cyanobacteria blooms has occurred over the last three decades, severely affecting coastal and lake water quality in many parts of the world. Extensive research is being conducted in an attempt to gain a better understanding of the driving forces that alter the ecological balance in water bodies and of the biological role of the secondary metabolites, toxins included, produced by the cyanobacteria. In the long-term, such knowledge may help to develop the needed procedures to restore the phytoplankton community to the pre-toxic blooms era. In the short-term, the mission of the scientific community is to develop novel approaches to mitigate the blooms and thereby restore the ability of affected communities to enjoy coastal and lake waters. Here, we critically review some of the recently proposed, currently leading, and potentially emerging mitigation approaches in-lake novel methodologies and applications relevant to drinking-water treatment.