Accurate tool wear monitoring is crucial for increasing tool life and machining productivity. Although many prediction models can achieve high prediction accuracy, there are problems such as poor stability in the face of different working conditions or tool signals. A tool wear prediction method based on improved deep extreme learning machines (DELM) was proposed as a solution to this issue; it uses the sparrow search algorithm (SSA) to upgrade the input weight of DELM to improve the model, and then extracts the time-domain, frequency-domain, and time-frequency domain characteristics from multi-sensor signals to construct and test the improved model SSA-DELM. The verification results show that the proposed model accurately reflects the tool wear. Meanwhile, the RMSE of the proposed model decreased by 53.39%, 19.95%, 43.86%, 23.80%, 24.80%, and 3.72%, respectively, and the MAE decreased by 67.81%, 17.87%, 32.70%, 29.90%, 30.30%, and 6.78%, respectively, compared to the with unimproved DELM, PSO-LSSVM, LSTM, SSAE, RNN, and DBO-DELM.