In the past four decades, membrane development has occurred based on the demand in pressure driven processes. However, in the last decade, the interest in osmotically driven processes, such as forward osmosis (FO) and pressure retarded osmosis (PRO), has increased. The preparation of customized membranes is essential for the development of these technologies. Recently, several very promising membrane preparation methods for FO/PRO applications have emerged. Preparation of thin film composite (TFC) membranes with a customized polysulfone (PSf) support, electorspun support, TFC membranes on hydrophilic support and hollow fiber membranes have been reported for FO/PRO applications. These novel methods allow the use of other materials than the traditional asymmetric cellulose acetate (CA) membranes and TFC polyamide/polysulfone membranes. This review provides an outline of the membrane requirements for FO/PRO and the new methods and materials in membrane preparation.