The 2011 season for began in January at the Tour de San Luis and ended in October at the Giro di Lombardia. As a UCI ProTeam, they were automatically invited and obligated to send a squad to every event in the UCI World Tour.

With twenty victories to their credit, the team had a reasonably successful 2011 season competitively, but the year was very tumultuous for reasons outside competition. After a successful early season, including the overall crown at the Vuelta a Castilla y León, team rider Xavier Tondó was killed in a freak accident at his home while preparing for a training ride with teammate Beñat Intxausti. Later in the season, Mauricio Soler sustained a horrific crash at the Tour de Suisse, which could easily have cost him his life as well. After more than four months in the hospital, Soler was released, but his recovery was far from complete at that time.

2011 Movistar Team season

2011 roster

Ages as of January 1, 2011.

2011 Movistar Team season

Riders who joined the team for the 2011 season

Riders who left the team during or after the 2010 season

One-day races

Before the spring season and the races known as classics, the team got a win in the Vuelta a Mallorca series. After making a 40-rider selection with remaining in the Trofeo Deià, Rojas won the resulting sprint among those riders.

2011 Movistar Team season

Spring classics

The Vuelta a La Rioja was the team's first traditional one-day win. Erviti finished first ahead of two Colombian riders from a UCI Continental team, eight seconds ahead of the main field.

The team also sent squads to Milan–San Remo, Gent–Wevelgem, the Tour of Flanders, Paris–Roubaix, the Amstel Gold Race, La Flèche Wallonne and Liège–Bastogne–Liège, but placed no higher than 11th in any of these races.

Fall races

The team also sent squads to the Clásica de San Sebastián, the Grand Prix Cycliste de Québec, and the Giro di Lombardia, but placed no higher than 11th in any of these races.

Stage races

The team picked up wins in two simultaneous events at the beginning of the season. At the Tour de San Luis, new acquisition Tondó won the individual time trial, gaining a 30-second lead over 's José Serpa in the process with three days left to race. In the race's penultimate stage, however, Tondó dramatically bonked and crashed on the descent of the Cerro El Amago, the day's last climb. He had stayed with the race's top riders and seemed to be a descent and an easy, flat final stage away from winning the race. Instead, he lost 15 minutes on the day, and finished the race in 23rd place. Also in January, the squad sent to the Tour Down Under came away with another win. Ventoso won the race's queen stage in Willunga ahead of the sprinters who populated the top of the general classification standings. Ventoso was the squad's top finisher in the final overall standings, in sixth place. The squad narrowly won the teams classification, beating by eight seconds. Ventoso added a sprint win in February in stage 3 of the Ruta del Sol. The team did not win any stage at Critérium International in March, but they did win the teams classification and have Kiryienka on the final podium in second. With strong placings in all three stages, Kiryienka also won the event's points classification. Rojas won the sprint finish to stage 6 of the concurrent Volta a Catalunya, with nearly the entire peloton finishing together.