Background Diabetes mellitus is a chronic metabolic disease associated with ocular complications beyond classical diabetic retinopathy. Long-term diabetes may affect the retinal neurovascular unit, retinal microcirculation, visual function, cornea, ocular surface, lens, optic nerve, and glaucoma-related structures. Some of these abnormalities may occur before clinically visible diabetic retinopathy. Aims The aim of this narrative review was to summarize current evidence on long-term structural and functional ocular changes associated with type 1 and type 2 diabetes mellitus, with emphasis on retinal neurodegeneration, retinal microvascular impairment, functional visual deficits, and selected extraretinal ocular complications. Methods A narrative literature review was conducted using PubMed, Embase, Cochrane Library, and Google Scholar. English-language publications from 2008 to 2026 were considered, and the final search was conducted on April 15, 2026. Search terms included diabetes mellitus, diabetic retinopathy, retinal neurodegeneration, corneal neuropathy, cataract, glaucoma, ocular complications, retina, and visual function. Meta-analyses, systematic reviews, longitudinal prospective studies, cross-sectional studies, and expert opinion articles were included. A total of 230 articles were initially identified, 85 full-text articles were assessed, and 43 key studies were included. Results Long-term diabetes was associated with retinal neurovascular damage, retinal neurodegeneration, retinal microvascular impairment, functional visual abnormalities, and selected extraretinal ocular complications. OCT studies demonstrated thinning of the inner retinal layers, including changes in the ganglion cell complex and retinal nerve fiber layer. OCT angiography may detect reduced macular microvascular density and capillary dropout before classical ophthalmoscopic signs of diabetic retinopathy. ERG, pattern ERG, VEP, and microperimetry may reveal abnormalities in retinal response, neural conduction, and macular sensitivity. Beyond the retina, diabetes was associated with corneal neuropathy, diabetic keratopathy, ocular surface disease, impaired epithelial healing, accelerated cataract formation, optic nerve and functional visual pathway involvement, and increased glaucoma risk. Conclusions Long-term type 1 and type 2 diabetes mellitus is associated with ocular changes beyond classical diabetic retinopathy. Assessment focused only on clinically visible retinopathy may miss earlier structural, microvascular, and functional abnormalities. A multimodal and individualized diagnostic approach may be useful, depending on disease duration, metabolic control, ocular symptoms, clinical findings, and available resources. Further longitudinal studies with standardized outcome measures are needed to clarify early diagnostic markers, risk stratification, and monitoring strategies for diabetes-related ocular disease.