Balancing socio-ecological systems among competing water demands is a difficult and complex task. Traditional approaches based on limited, linear growth optimization strategies overseen by command/control have partially failed to account for the inherent unpredictability and irreducible uncertainty affecting most water systems due to climate change. Governments and managers are increasingly faced with understanding driving-factors of major change processes affecting multifunctional systems. In the last decades, the shift to address the integrated management of water resources from a technocratic “top-down” to a more integrated “bottom-up” and participatory approach was motivated by the awareness that water challenges require integrated solutions and a socially legitimate planning process. Assuming water flows as physical, social, political, and symbolic matters, it is necessary to entwining these domains in specific configurations, in which key stakeholders and decision-makers could directly interact through social-learning. The literature on integrated water resources management highlights two important factors to achieve this goal: to deepen stakeholders’ perception and to ensure their participation as a mechanism of co-production of knowledge. Stakeholder Analysis and Governance Modelling approaches are providing useful knowledge about how to integrate social-learning in water management, making the invisible, visible. The first one aims to identify and categorize stakeholders according to competing water demands, while the second one determines interactions, synergies, overlapping discourses, expectations, and influences between stakeholders, including power-relationships. The HydroSocial Cycle (HSC) analysis combines both approaches as a framework to reinforce integrated water management by focusing on stakeholder analysis and collaborative governance. This method considers that water and society are (re)making each other so the nature and competing objectives of stakeholders involved in complex water systems may affect its sustainability and management. Using data collected from a qualitative questionnaire and applying descriptive statistics and matrices, the HSC deepens on interests, expectations, and power-influence relationships between stakeholders by addressing six main issues affecting decision-making processes: relevance, representativeness, recognition, performance, knowledge, and collaboration. The aim of this contribution is to outline this method from both theory and practice perspective by highlighting the benefits of including social sciences approaches in transdisciplinary research collaborations when testing water management strategies affecting competing and dynamic water systems.