Long-course chemoradiotherapy followed by total mesorectal excision is a standard of care for patients with locally advanced rectal cancer.Rectal surgery is associated with a significant risk of complications and functional symptoms including fecal urgency, fecal incontinence and impairment of sexual and urinary functions.Approximately 8-24% of patients achieve a pathological complete response after long-course chemoradiotherapy.Previous studies suggest that patients who have a clinical complete response after chemoradiotherapy may be spared the effects of surgery without compromising the oncologic outcome.MRI is a promising imaging method to monitor the in vivo effects of chemoradiotherapy.Patients who undergo a 'wait-and-see' strategy may have an increased risk of local relapse and need an intensive clinicoradiologic follow-up.The 'wait-and-see' approach represents a reasonable option in patients who are unfit for or refuse surgery, or are not eligible for a sphincter preserving surgical procedure.The routine use of non-operative management for locally advanced rectal cancer needs prospective evaluation within a clinical trial setting.Definition of the imaging methods and schedules of tumor assessment that offer the most accurate assessment of tumor response to chemoradiotherapy is necessary.Baseline tumor biomarkers that predict response to chemoradiotherapy and allow for an accurate patient selection for a 'wait-and-see' strategy are urgently needed.For reprint orders, please contact: reprints@futuremedicine.com