Thermoelectric (TE) materials are capable of realizing the direct conversion between heat and electricity, holding a giant prospect in the sustainable development of modern society. Conductive polymers (CPs) are suitable for the preparation of TE materials given their low-cost, lightweight, flexible, and easy processing properties. With the accelerating pace of flexible composite development, there is intensive interest in their emerging applications in various aspects such as wearable electronics and thermoelectric sensors. In order to further improve the thermoelectric properties, a series of new methods have been proposed to prepare conductive polymer-based thermoelectric composites and improve their thermoelectric properties. In this review, we discuss the compositing methods, properties, and applications of conductive polymer-based TE composites. The challenges and future development directions in the design and application of conductive polymer matrix composites are also pointed out.