"One More Chance" is a song by Madonna from her second greatest hits album Something to Remember. It was released as the third single from the album on March 7, 1996. The track was written and produced by Madonna and David Foster.
Madonna wrote the song during her six-month vocal training with vocal coach Joan Leder in preparation of her role in the musical Evita. In a January 1996 interview with Spin magazine, Madonna said that the song was inspired by a happy moment in her life, when she gave a chance to a man she knew, and he was able to fulfill it to her needs. She reversed the situation and wrote the song. Madonna explained, "Often in my songwriting, I take things people say to me and turn them around, and put it in the first person. So it's actually something that was said to me." Madonna did not reveal the name of the person who became the main subject of the song.
The song is played in the key of F major, with a basic sequence of Cmaj7–Bm7–Am7–Bm7 as its chord progression, while piano and guitar are used to play the background music. Madonna's voice spans from G3 to B♭4.