Common swelling agents used in the mechano-chemical rubber devulcanization process usually require high temperatures to achieve satisfactory swelling effects, which results in severe production of pollutants and reduces the selectivity of bond scissions. This work presents an environmentally friendly swelling agent, terpinene, which can swell the rubber crosslink structures at low temperatures. Both a rubber swelling experiment and a rubber reclaiming experiment with a mechano-chemical devulcanization method are conducted to explore the swelling effects of terpinene. After soaking in terpinene at 60 °C for 90 min, the length elongation of the rubber sample reaches 1.55, which is much higher than that in naphthenic oil and is comparable to that in toluene. When adding 3 phr of terpinene for every 100 phr of waste rubber during the reclaiming process, the bond scissions exhibit high selectivity. After revulcanization, the reclaimed rubbers have a tensile strength of 17 MPa and a breaking elongation of 400%. Consequently, the application of terpinene as the swelling agent in the LTMD method can greatly improve the properties of reclaimed rubbers, thereby enhancing the dual value for the economy and environment.