During the 2002–03 Spanish football season, Real Valladolid competed in the La Liga.
Valladolid finished the season in 14th position in the La Liga table.
In other competitions, Valladolid reached the fourth round of the Copa del Rey.
David Aganzo was the top scorer for Valladolid with 9 goals in all competitions.
Valladolid's kit was manufactured by British sports retailer Umbro and sponsored by Agroinnova.