Daily river inflow time series are highly valuable for water resources and water environment management of large lakes. However, the availability of continuous inflow data for large lakes is still relatively limited, especially for large lakes situated within humid plain regions with tens or even hundreds of tributaries. In this study, we choose the fifth largest freshwater Lake Chaohu in China as our study area to introduce a new approach to reconstruct historical daily inflows at ungauged subcatchments of large lakes. This approach makes use of water level, lake surface rainfall, evaporation from the lake, and catchment rainfall observations. Rainfall–runoff relationship at a reference catchment was analysed to select rainfall input and estimate run‐off coefficient firstly, and the run‐off coefficient was then transferred to ungauged subcatchments to initially estimate daily inflows. Run‐off coefficient was scaled to adjust daily inflows at ungauged subcatchments according to water balance of the lake. This approach was evaluated using sparsely measured inflows at eight subcatchments of Lake Chaohu and compared with the commonly used drainage area ratio method. Results suggest that the inflow time series reconstructed from this approach consistent well to corresponding observations, with mean R2 and Nash–Sutcliffe efficiency values of 0.69 and 0.6, respectively. This approach outperforms drainage area ratio method in terms of mean R2 and Nash–Sutcliffe efficiency values. Accuracy of this approach holds well when the number of water‐level station being used decreased from four to one.