During the 1991–92 English football season, Reading F.C. competed in the Football League Third Division, FA Cup, League Cup and League Trophy. It was their first season with Mark McGhee as their player-manager and they finished in 12th place in the league. They also reached Round 3 of the FA Cup, Round 1 of the League Cup and the Southern Primarily Group of the League Trophy.

Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality.

Reading's kit for the 1991–92 was manufactured by Matchwinner, and the main sponsor was HAT Painting.