Magnetic chitosan-zinc ferrite (ChZnF) composites were proposed as potential adsorbents due to their appropriate physical characteristics and facile separation under external magnetic fields. The magnetic component (ZnFe2O4) was prepared by the sol-gel autocombustion method that yields nanometric spinel compounds with narrow size distribution and with low energy consumption. A certain amount of magnetic powder was dispersed consecutively by ultrasonication in a chitosan-PEG (polyethylene glycol) mixture, in order to obtain the desired nanocomposite. The as-obtained materials were characterized by FT-IR (Fourier transform infrared spectroscopy), XRD (X-ray diffraction), TEM (transmission electron microscopy), small-angle X-ray scattering, and Brunauer-Emmett-Teller test measurements. Finally, the chitosan-ferrite nanomaterial was successfully tested in simulated wastewater treatments. Different kinetic and equilibrium models have been fitted by nonlinear regression to analyze the adsorption data.