We discuss generalizations of the Szeg\H{o} Limit Theorem to truncated Toeplitz operators. In particular, we consider compressions of Toeplitz operators to an increasing sequence of finite dimensional model spaces. We present two theorems. The first is a new variant of the Szeg\H{o} Limit Theorem in this setting. The second relates to the variant given by Strouse-Timotin-Zarrabi in 2017, and characterizes the sequences for which that result holds.