In this paper, we focus on the single crystal material germanium (Ge), which is fabricated into saturable absorbers (SAs) employing liquid phase exfoliation, and validate it with an erbium-doped fiber laser (EDFL). The Ge SA was obtained with a modulation depth of 9.8% and a saturation intensity of 11.02 MW cm−2. The single-wavelength mode-locked pulse with a minimum pulse width of 847 fs was obtained at a cavity length of 10.5 m. In addition, at a cavity length of 106 m, a dual-wavelength mode-locked phenomenon was obtained in which the central wavelengths were located at 1559.20 nm and 1561.31 nm. The experimental results show that Ge nanosheets in an EDFL provide a strong basis for the development of nonlinear optics and have a wide range of applications in the field of pulsed fiber lasers.