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Magnetic nanoparticles (MNPs) are the foundation of several new strategies for neural repair and neurological therapies. The fact that a remote force can act on MNPs at the cytoplasmic space constitutes the essence of many new neurotherapeutic concepts. MNPs with a predesigned physicochemical characteristic can interact with external magnetic fields to apply mechanical forces in definite areas of the cell to modulate cellular behaviour. Magnetic actuation to direct the outgrowth on neurons after nerve injury has already demonstrated the therapeutic potential for neural repair. When these magnetic cores are functionalized with molecules such as nerve growth factors or neuroprotective molecules, multifunctional devices can be developed. This chapter will review some of these new nanotechnology-based solutions for neurological diseases, specifically those based on the use of engineered MNPs used for neuroprotection and neuroregeneration. These include the use of MNPs as magnetic actuators to guide neural cells, modulate intracellular transport and stimulate axonal growth after nerve injury., Comment: 35 pages; 6 figures; Chapter 22 of Magnetic Nanoparticles: From Fabrication to Clinical Applications