Understanding herbicide transformation is necessary for pesticide development for their safe and efficient use, as well as for developing pesticide bioremediation strategies for contaminated soil and water. Recent studies persuasively demonstrated the key role of soil white-rot fungi in biotransformation of various anthropogenic environmental contaminants. However, often this common knowledge is not associated with specific metabolic processes of fungi and therefore cannot be transformed into specific recommendations for agricultural practice. The given review offers a systematic collection and analysis of the current knowledge about herbicide transformation by white-rot fungi at the cellular and molecular levels. Special attention is given to the role of oxidative enzymes such as laccases, lignin peroxidases, and manganese peroxidases in the biotransformation processes.