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Flexible perovskite solar cells (FPSCs) with excellent recoverability show a wide range of potential applications in portable power sources. The recoverability of FPSCs requires outstanding bendability of each functional layer, including the flexible substrates, electrodes, perovskite light absorbers, and charge transport materials. This review highlights the recent progress and practical applications of high‐recoverability FPSCs, and illustrates the routes toward improvement of the recoverability and environmental stability through the choice of flexible substrates and the preparation of high‐quality perovskite films, as well as the optimization of charge‐selective contacts. In addition, we explore the intrinsic properties of each functional layer from the physical perspective and analyze how to select suitable functional layers. Additionally, some effective strategies are summarized, including material modification engineering of selective contacts, additives and interface engineering of interlayers, which can release mechanical stress and increase the power‐conversion efficiency (PCE) and recoverability of the FPSCs. The challenges of making high‐performance FPSCs with long‐term stability and high recoverability are discussed. Finally, future applications and perspectives for FPSCs are discussed, aiming to promote more extensive commercialization processes for lightweight and durable FPSCs. [ABSTRACT FROM AUTHOR]