In reviewing magnesium-catalyzed asymmetric reactions, we discuss the two general strategies for generating chiral organometallic Mg(II) complexes. Magnesium is one of the most abundant metals on earth and can be applied in a wide range of fundamental asymmetric reactions. However, compared with those of many other metals, the design and application of magnesium catalysts in asymmetric reactions are relatively limited. In this review, we provide insightful discussions of the catalytic strategies associated with Mg(II) catalysts, related mechanism considerations, and current limitations, as well as the opportunities associated with greater focus on magnesium catalysts in chemical synthesis.