Diabetic foot ulcer (DFU) continues to be one of the most distressing and economically draining complications of diabetes mellitus, frequently ending in prolonged hospitalisation or lower-limb amputation when management is delayed. Persistent neuropathic pain, chronic low-grade inflammation and polymicrobial colonisation together sustain the wound in a non-healing state, and none of the dressings in routine clinical use address the neuropathic pain component directly. Amitriptyline, a tricyclic antidepressant long used for neuropathic pain, has additionally been shown to possess antibacterial and anti-inflammatory activity against organisms commonly recovered from chronic wounds. The present work was undertaken to formulate, develop and evaluate an amitriptyline-loaded polymeric hydrogel intended for topical application to diabetic foot ulcers, combining local analgesia, antimicrobial support and a moist wound-healing environment in a single dosage form. Hydrogels were prepared by the cold dispersion method using Carbopol 934 and hydroxypropyl methylcellulose (HPMC K4M) as the gelling polymers, with propylene glycol as co-solvent/humectant, and were optimised through a series of nine trial batches (F1–F9). The gels were evaluated for physical appearance, pH, spreadability, viscosity and rheological behaviour, gel strength, swelling index, drug content uniformity, in vitro drug release using the Franz diffusion cell, release kinetics, ex vivo skin permeation, antimicrobial efficacy against Staphylococcus aureus and Pseudomonas aeruginosa, and short-term accelerated stability. The optimised batch (F6) containing 2% w/w Carbopol 934 and 1% w/w HPMC K4M showed a pH of 5.6 ± 0.2, a viscosity of 18,450 ± 340 cP, and cumulative drug release of 88.4 ± 2.1% over 12 hours, following a Korsmeyer–Peppas non-Fickian release pattern. The formulation retained acceptable physicochemical characteristics on storage at 40 °C/75% RH for 90 days. These findings suggest that an amitriptyline-loaded polymeric hydrogel is a technically feasible and promising adjunctive dosage form for the multimodal management of diabetic foot ulcers, warranting further ex vivo and in vivo confirmation.