Friction stir processing (FSP) stands as an effective approach designed for grain refinement and site-specific microstructural modification. The evolving microstructure during FSP is determined by various variables out of which rate of sample cooling is the key parameter. More often, FSP is conducted in naturally flowing air; however, a large number of studies are conducted by researchers across the world; stressing the importance of additional sample cooling strategy for tailoring the material microstructure. Such strategies vary not only in terms of the cooling medium used but also with regard to various other compliant conditions that must be fulfilled for the cooling process to make them successful and economically viable. This work critically reviews the most prevalent methods practiced by various researchers and industries for controlled sample cooling during and after FSP. The underlying mechanisms; advantages; disadvantages; and limitations of each procedure along with the resulting microstructure and material performances are discussed and recommendations are provided