Although Freud's ‘Family Romances’ from 1909 is hardly ever discussed at length in secondary literature, this article highlights this short essay as an important and informative text about Freud's changing perspectives on sexuality in the period in which the text was written. Given the fact that Freud, in his 1905 Three Essays, develops a radical theory of infantile sexuality as polymorphously perverse and as autoerotic pleasure, we argue that ‘Family Romances’, together with the closely related essay on infantile sexual theories (1908), paves the way for new theories of sexuality defined in terms of object relations informed by knowledge of sexual difference. ‘Family Romances’, in other words, preludes the introduction of the Oedipus complex, but also - interestingly - gives room for a Jungian view of sexuality and sexual phantasy. ‘Family Romances’ is thus a good illustration of the complex way in which Freud's theories of sexuality developed through time.