Goji leaves, including Lycium barbarum L. and Lycium chinense Mill. leaves, have been used as traditional Chinese medicine materials for nourishing kidneys and enhancing eyesight but are mostly discarded at present. The nutritional composition of Goji leaves is similar to that of Goji berries even some components are more plentiful in the former, such as flavonoids. This paper firstly reviews the main phytochemicals of Goji leaves. Also, updated information on the biological activities of Goji leaves is narrated. Based on the long use history and existing bioactivity data on Goji leaves, we propose their potential applications in the food industry and encourage further investigation on Goji leaves.