With world population growing quickly, agriculture needs to produce more with fewer inputs while being environmentally friendly. In a context of changing environments, crop models are useful tools to simulate crop yields. Wheat (Triticum spp.) crop models have been evolving since the 1960s to translate processes related to crop growth and development into mathematical equations. These have been used over decades for agronomic purposes, and have more recently incorporated advances in the modeling of environmental footprints, biotic constraints, trait and gene effects, climate change impact, and the upscaling of global change impacts. This review outlines the potential and limitations of modern wheat crop models in assisting agronomists, breeders, and policymakers to address the current and future challenges facing agriculture.