During the past few years, researchers have focused their attention on developing innovative nanocomposite polymeric membranes with applications in water purification. Natural and synthetic polymers were considered, and it was proven that chitosan-based materials presented important features. This review presents an overview regarding diverse materials used in developing innovative chitosan-based nanocomposite polymeric membranes for water purification. The first part of the review presents a detailed introduction about chitosan, highlighting the fact that is a biocompatible, biodegradable, low-cost, nontoxic biopolymer, having unique structure and interesting properties, and also antibacterial and antioxidant activities, reasons for using it in water treatment applications. To use chitosan-based materials for developing nanocomposite polymeric membranes for wastewater purification applications must enhance their performance by using different materials. In the second part of the review, the performance’s features will be presented as a consequence of adding different nanoparticles, also showing the effect that those nanoparticles could bring on other polymeric membranes. Among these features, pollutant’s retention and enhancing thermo-mechanical properties will be mentioned. The focus of the third section of the review will illustrate chitosan-based nanocomposite as polymeric membranes for water purification. Over the last few years, researchers have demonstrated that adsorbent nanocomposite polymeric membranes are powerful, important, and potential instruments in separation or removal of pollutants, such as heavy metals, dyes, and other toxic compounds presented in water systems. Lastly, we conclude this review with a summary of the most important applications of chitosan-based nanocomposite polymeric membranes and their perspectives in water purification.