However, a poor second half to the season saw Luton eventually slip down the table to finish in tenth place, albeit above more-fancied sides such as Southampton and Leicester City.

A day after returning to England, the club signed Aberdeen's Finnish international defender Markus Heikkinen and Reading forward Dean Morgan on free transfers.

[6] Luton began their season on 6 August with a 2–1 away win to recently relegated Crystal Palace, with Steve Howard and Ahmet Brković scoring, and captain Kevin Nicholls uncharacteristically missing a penalty.

[13] Luton won their third league game on 27 August, Ahmet Brković scoring a bicycle kick and Kevin Nicholls a penalty to secure victory over Leicester City.

[14] Luton was close to signing Ghana an international midfielder Anthony Obodai from Ajax during the month, but the move fell through on 28 August due to complications with his visa.

[18] Luton drew 1–1 at home to title favourites Wolverhampton Wanderers on 10 September, Kevin Nicholls scoring a late goal, and then lost 1–0 to Queens Park Rangers three days later for their second defeat of the season.

[26] Bottom-of-the-table Crewe Alexandra beat Luton 3–1 on 15 October, but the club bounced back a few days later to defeat Norwich City 4–2 and return to their almost customary third place in the table.

[27][28] Plymouth Argyle scored a stoppage-time equaliser to deny Luton a win on 22 August, and the club then lost their fourth league game a week later, going down 1–0 at Coventry City.

[29][30] Off the field, Luton loaned out youth player Thomas Ward to Dagenham & Redbridge, midfielder Stephen O'Leary to Tranmere Rovers, and Calvin Andrew for a second spell at Grimsby Town.

"[34] The club lost three consecutive matches against Sheffield United (0–4), Burnley (2–3), and Norwich City (0–2) through early to mid-November, pushing them down the table to seventh place.