This review covers sonochemical fabrication of polymer nanocomposites. In addition to its application to the synthesis of various polymeric systems, due to its powerful efficiency, sonochemistry has been widely used not only as the assistant of dispersion for nanomaterials such as carbon nanotubes (CNT) and organophillic clay, but also as a special initiator to enhance polymerization for fabrication of polymer nanocomposites with CNT and metallic nanoparticles. Recent developments in the preparation of multi-walled carbon nanotube/polymer nanocomposites with polystyrene and PMMA, magnetic particle/CNT composites and polymer/clay nanocomposites along with their physical characteristics and potential engineering applications will be introduced. Physical characterizations include morphological, thermal, and rheological properties under either an applied electric or magnetic field.