Quantum well (QW) structures are being widely used for many applications like lasers, photodiodes, THz emitters, and many next-generation optoelectronic devices leading to the realization of quantum technology. [1][2][3][4][5][6][7][8][9] Optoelectronic applications of such structures lie in harnessing and controlling the carrier relaxation after carriers are excited or injected into these structures. Many relaxation processes like thermalization, intra-band relaxation, inter-valley scattering, defect-state trapping, and radiative recombination have been reported for such QW structures. [10][11][12][13][14][15] Various time-resolved techniques like pump-probe transmission, transient reflectivity measurements, time-resolved photoluminescence, degenerate four-wave mixing, etc. are used to identify the relaxation mechanism and the corresponding time constants. [11,16,17] Such studies give insight into various dynamical processes that occur at different time scales.Loss of carriers from the QW region can happen due to tunneling of carriers and trapping of carriers by the defect states. Understanding of such carrier loss mechanisms in QW is important for their applications in devices. Several groups have performed various time-resolved measurements to address this issue. [15,[18][19][20] However, some of these processes can compete simultaneously with similar time constants which makes their isolation really difficult and complicates the fundamental understanding of carrier dynamics. Further, most of those measurements were carried out by exciting carriers deep into the conduction band and monitoring the radiative emission from the band edge through the time-resolved PL technique (TRPL). TRPL signal covers only the radiative recombination process and indirectly probes the non-radiative loss. Necessary details about the complete nonradiative processes cannot be addressed by TRPL. In contrast, time-resolved pump-probe reflectivity can give information about both radiative and non-radiative relaxation processes. [21][22][23] In this article, timeresolved pump-probe reflectivity measurements at room temperature are performed on AlGaAs/GaAs QW structure to investigate various ultrafast processes that occur over 0.1-10 ps time scale. Using pump-fluence-dependent studies, the origin of various non-radiative relaxation processes in this QW system is probed. By using numerical calculations, it is shown that the carrier loss from the QW region is mainly governed by the tunneling of electrons. Also, several other ultrafast processes occur on a similar time scale. The various relaxation mechanism occurring within the 10 ps time scale are isolated. After isolation of the processes, the timeresolved nonequilibrium dynamics measurements performed in this work have shown the saturation effect in intraband relaxation due to phonon reabsorption.