The 2020–21 season will be Alloa Athletic's third consecutive season in the Scottish Championship, following their promotion from Scottish League One in the 2017–18 season.

They will also compete in the Scottish Cup and Scottish League Cup.

In June 2020, eight of the ten clubs voted in favour of shortening the season from the usual 36 games to 27 (playing each other three times), with the season tentatively scheduled to start on 17 October 2020.

[1] This was done to reduce costs in light of the coronavirus pandemic.

[1]