To develop a suitable tillage mode and irrigation schedule of transplanted cotton following wheat harvest under sprinkler irrigation, a field experiment was conducted to study the effects of different tillage modes (conventional tillage and no-tillage) and different irrigation schedules (45 and 22.5 mm of irrigating water quota) on the water consumption, seed yield, water use efficiency, and fiber quality of cotton. Comparing with conventional tillage, no-tillage decreased the soil evaporation among cotton plants by 20.3%. Whether with conventional tillage or with no-tillage, deficit irrigation (22.5 mm of irrigating water quota) did not affect seed yield and fiber quality, while decreased the water consumption and improved the water use efficiency. No-tillage with 22.5 mm of irrigating water quota under sprinkler irrigation not only decreased the soil evaporation effectively, but also achieved water-saving, high quality and high yield of transplanted cotton following wheat harvest.