The son of a policeman, who fought as a volunteer in World War II on the German side, Lóránt turned professional footballer at the age of 16; in parallel, he then also studied economics at university in the 1950s. Gyula Lóránt began his career as a youth with his hometown club, Kõszeg SE, after encouragement from a local trainer. He then played for Nagyváradi AC and UT Arad in Romania. It was while at Vasas SC, where his team mates included Ladislao Kubala, that his career prospered. However in January 1949, as Hungary became a communist state, Kubala fled the country in the back of a truck and formed his own team Hungaria to play exhibition friendlies. The team was made up of fellow refugees fleeing Eastern Europe. Lóránt also attempted to escape and follow Kubala, but was captured and ended up in a detention camp.
Hungarian international
Lóránt was released from detention after the intervention of Gusztáv Sebes, the national team coach, who regarded him as pivotal to his plans. Lóránt then made his debut for Hungary on 19 October 1949 in an away game against Austria. Sebes personally guaranteed the country's Interior Minister and future Prime Minister, János Kádár, that Lóránt would not abscond while in Vienna. Kádár agreed and Lóránt responded with a superb performance as Hungary won 4–3. He subsequently joined Honvéd where together with six of his fellow internationals, he helped the team win three Hungarian League titles. As one of the legendary Mighty Magyars, he helped Hungary become Olympic Champions in 1952, Central European Champions in 1953, defeat England twice and reach the 1954 World Cup final.
Death
Lóránt died on 31 May 1981, while working as a trainer of PAOK, during a game against Olympiacos CFP. He suffered a heart attack in the 16th minute of the match after PAOK's Giorgos Koudas headed a cross into the side of the net from close range. He was tried to be resuscitated on the spot and then moved to the club doctor's room but died before the ambulance arrived. PAOK players were told in the break that he had to be transported to the hospital and his death was revealed only after the game. PAOK eventually won the match 1-0 with the goal of the substitute Vassilis Vasilakos who sat next to Lóránt on the bench when he collapsed. The autopsy revealed that he had at least two more previous heart attacks, the second one at longest one week before his death. Lóránt was buried in Endingen, Germany, but in 2011 at the request of his widow, his ashes were transported to Hungary and reburied in his birth town, Kőszeg.