This study aims to investigate changes in the structural properties of alkali/acid‐ultrasound modified Agave fibers and their performance immersed on a polyvinyl alcohol (PVA) matrix with plasticizer during melt mixing processing. Structural analysis revealed that ultrasound enhances the effectiveness of the conventional alkaline/acid treatments to modify fibers since the simultaneous treatment increased the partial removal of lignocellulosic components, water molecules, and amorphous regions which improved their processability on a PVA matrix. Specific energy consumption values indicated that during melt mixing the modified fibers required more energy to expose the chains of cellulose fraction to function as an interaction site for PVA chains. Once the mixture was homogenized, the fiber‐matrix interactions promoted high viscosity, friction, and mechanical stress in the chamber. Therefore, the modified fibers restricted the interaction between plasticizer and PVA in the obtained films, resulting in a highly structured, and reinforced network, increasing the storage modulus as dynamic mechanical analysis indicated. These findings highlight a feasible way to valorize Agave fibers and allow the understanding of the matrix‐fiber interactions during melt mixing processing, useful to predict the structural and mechanical properties of the films.