diff --git a/doc/source/whatsnew/v0.17.0.txt b/doc/source/whatsnew/v0.17.0.txt
index f8efa8ec23300..c2c7ca2410068 100644
--- a/doc/source/whatsnew/v0.17.0.txt
+++ b/doc/source/whatsnew/v0.17.0.txt
@@ -964,6 +964,7 @@ Deprecations
   ``DataFrame.add(other, fill_value=0)`` and ``DataFrame.mul(other, fill_value=1.)``
   (:issue:`10735`).
 - ``TimeSeries`` deprecated in favor of ``Series`` (note that this has been alias since 0.13.0), (:issue:`10890`)
+- ``SparsePanel`` deprecated and will be removed in a future version (:issue:``)
 - ``Series.is_time_series`` deprecated in favor of ``Series.index.is_all_dates`` (:issue:`11135`)
 - Legacy offsets (like ``'A@JAN'``) listed in :ref:`here <timeseries.legacyaliases>` are deprecated (note that this has been alias since 0.8.0), (:issue:`10878`)
 - ``WidePanel`` deprecated in favor of ``Panel``, ``LongPanel`` in favor of ``DataFrame`` (note these have been aliases since < 0.11.0), (:issue:`10892`)
diff --git a/pandas/core/series.py b/pandas/core/series.py
index 05a2ff6840d62..4afaae0fd25df 100644
--- a/pandas/core/series.py
+++ b/pandas/core/series.py
@@ -2566,7 +2566,7 @@ def last_valid_index(self):
 
     def asof(self, where):
         """
-        Return last good (non-NaN) value in TimeSeries if value is NaN for
+        Return last good (non-NaN) value in Series if value is NaN for
         requested date.
 
         If there is no good value, NaN is returned.
@@ -2624,7 +2624,7 @@ def to_timestamp(self, freq=None, how='start', copy=True):
 
         Returns
         -------
-        ts : TimeSeries with DatetimeIndex
+        ts : Series with DatetimeIndex
         """
         new_values = self._values
         if copy:
@@ -2636,7 +2636,7 @@ def to_timestamp(self, freq=None, how='start', copy=True):
 
     def to_period(self, freq=None, copy=True):
         """
-        Convert TimeSeries from DatetimeIndex to PeriodIndex with desired
+        Convert Series from DatetimeIndex to PeriodIndex with desired
         frequency (inferred from index if not passed)
 
         Parameters
@@ -2645,7 +2645,7 @@ def to_period(self, freq=None, copy=True):
 
         Returns
         -------
-        ts : TimeSeries with PeriodIndex
+        ts : Series with PeriodIndex
         """
         new_values = self._values
         if copy:
diff --git a/pandas/sparse/panel.py b/pandas/sparse/panel.py
index 34256acfb0e60..f57339fea0a7f 100644
--- a/pandas/sparse/panel.py
+++ b/pandas/sparse/panel.py
@@ -5,6 +5,7 @@
 
 # pylint: disable=E1101,E1103,W0231
 
+import warnings
 from pandas.compat import range, lrange, zip
 from pandas import compat
 import numpy as np
@@ -69,6 +70,10 @@ def __init__(self, frames=None, items=None, major_axis=None, minor_axis=None,
                  default_fill_value=np.nan, default_kind='block',
                  copy=False):
 
+        # deprecation #11157
+        warnings.warn("SparsePanel is deprecated and will be removed in a future version",
+                      FutureWarning, stacklevel=2)
+
         if frames is None:
             frames = {}
 
diff --git a/pandas/sparse/tests/test_sparse.py b/pandas/sparse/tests/test_sparse.py
index 3c42467c20838..a86942718091c 100644
--- a/pandas/sparse/tests/test_sparse.py
+++ b/pandas/sparse/tests/test_sparse.py
@@ -1793,6 +1793,11 @@ def test_constructor(self):
                                    "input must be a dict, a 'list' was passed"):
             SparsePanel(['a', 'b', 'c'])
 
+    # deprecation GH11157
+    def test_deprecation(self):
+        with tm.assert_produces_warning(FutureWarning):
+            SparsePanel()
+
     # GH 9272
     def test_constructor_empty(self):
         sp = SparsePanel()