The 2010–11 season was Sport Lisboa e Benfica's 107th season in existence and the club's 77th consecutive season in the top flight of Portuguese football. It involved Benfica competing in the Primeira Liga, Taça de Portugal, Taça da Liga and the group stage of the UEFA Champions League. Benfica qualified for the Champions League by winning the previous Primeira Liga.

In Jesus' second season, the loss of Ángel Di María and Ramires was devastating to the team. He moved Carlos Martins to the right wing as an substitute to Ramires. Nicolás Gaitán freshly landed in Europe to replace Di María. These changes had the immediate effect of breaking the high-pressure, high-tempo football of the previous years. By late September, Benfica was already trailing nine points from Porto, a difference it never recovered.

In December 2010, Eduardo Salvio replaced Carlos Martins and Benfica changed to a more common 4–4–2 formation, with two out-and-out wingers to provide width, a pure attacking midfielder combined with a defensive midfielder. That decision left to a good winning streak and Jesus surpassed the record held by Jimmy Hagan's 1972–73 team, with 16 consecutive wins, including a 2–0 win at VfB Stuttgart for the season's Europa League (4–1 on aggregate), Benfica's first ever victory in Germany. As fatigue started to influence the most used players, in the only competitions the club were actively competing, Benfica was unable to maintain a 2–0 lead against Porto, and lost the chance to go the Portuguese Cup final. A 1–0 loss in Braga prevented Benfica from reaching the Europa League final. Benfica only trophy was their third League Cup, against Paços de Ferreira.

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