Cellulose films were prepared by dissolving lyocell fibers in LiCl/N,N-dimethylacetamide solvent and subsequently coagulating and drying them under ambient conditions. To introduce preferred orientation, the films were uniaxially drawn under air-dry and rewetted conditions, respectively. Preferred orientation was determined by birefringence measurements and by wide-angle X-ray scattering. Mechanical properties were characterized by means of tensile tests with films conditioned to standard temperatures and humidity. Drawing resulted in the substantial reorientation of cellulose, whereby the molecular chains in the amorphous regions exhibited clearly stronger reorientation than the crystalline fraction. The average degree of orientation was comparable to orientation achieved in spun cellulose fibers. Wet-drawing resulted in improved tensile strength and modulus of elasticity but reduced elongation at break. The mechanical properties of wet-drawn films are competitive with regard to cellophane and melt-blown cellulose films, particularly considering their high modulus of elasticity of up to 26 GPa, which is also comparable to values obtained for industrially produced cellulose fibers.