Aquatic pollution negatively affects water bodies, marine ecosystems, public health, and economy. Restoration of contaminated habitats has attracted global interest since protecting the health of marine ecosystems is crucial. Bioremediation is a cost-effective and eco-friendly way of transforming hazardous, resistant contaminants into environmentally benign products using diverse biological treatments. Because of their robust morphology and broad metabolic capabilities, fungi play an important role in bioremediation. This review summarizes the features employed by aquatic fungi for detoxification and subsequent bioremediation of different toxic and recalcitrant compounds in aquatic ecosystems. It also details how mycoremediation may convert chemicallysuspended matters, microbial, nutritional, and oxygen-depleting aquatic contaminants into ecologically less hazardous products using multiple modes of action. Mycoremediation can also be considered in future research studies on aquatic, including marine, ecosystems as a possible tool for sustainable management, providing a foundation for selecting and utilizing fungi either independently or in microbial consortia.