A digital twin is a “live” virtual replica of a sensorised component, product, process, human, or system. It accurately copies the entity being modelled by capturing information in real time or near real time from the entity through embedded sensors and the Internet-of-Things. Many applications of digital twins in manufacturing industry have been investigated. This article focuses on the development of product digital twins to reduce the impact of quantity, quality, and demand uncertainties in remanufacturing. Starting from issues specific to remanufacturing, the article derives the functional requirements for a product digital twin for remanufacturing and proposes a UML model of a generic asset to be remanufactured. The model has been demonstrated in a case study which highlights the need to translate existing knowledge and data into an integrated system to realise a product digital twin, capable of supporting remanufacturing process planning.