Wounded Rhymes is the upcoming second studio album by Swedish recording artist Lykke Li. It is due to be released in Sweden on 2 March 2011 by LL Recordings and 7th March NZ/Australia by Warner.

Li spent six months writing and recording the album in the Echo Park neighbourhood of Los Angeles, while visiting the desert, rewatching Alejandro Jodorowsky's 1973 film The Holy Mountain and listening to Alan Lomax field recordings, eventually coming up with songs she calls "hypnotic, psychotic and more primal". During an interview with Pitchfork Media on 18 November 2010, she commented on her decision to write the album in Los Angeles, saying, "I'm from Sweden so I don't enjoy winter at all; there's nothing cute about it. Right now I'm in Stockholm, and it's so fucking cold and dark. I have such a dark mood in myself already so I don't need things to be darker.

I was totally romanticizing the idea of Los Angeles when the Doors, Joni Mitchell, and Neil Young were hanging out there. I was trying to find David Lynch and Leonard Cohen with no luck. It was just more of a retreat. And Los Angeles is such a mysterious place because there's so much evil in that city, but there's also so much light. You can be totally alone on a hillside and I love that kind of secluded, deserted rawness."