A mixed subgrid-scale (SGS) model based on coherent structures and temporal approximate deconvolution (MCT) is proposed for turbulent drag-reducing flows of viscoelastic fluids. The main idea of the MCT SGS model is to perform spatial filtering for the momentum equation and temporal filtering for the conformation tensor transport equation of turbulent flow of viscoelastic fluid, respectively. The MCT model is suitable for large eddy simulation (LES) of turbulent drag-reducing flows of viscoelastic fluids in engineering applications since the model parameters can be easily obtained. The LES of forced homogeneous isotropic turbulence (FHIT) with polymer additives and turbulent channel flow with surfactant additives based on MCT SGS model shows excellent agreements with direct numerical simulation (DNS) results. Compared with the LES results using the temporal approximate deconvolution model (TADM) for FHIT with polymer additives, this mixed SGS model MCT behaves better, regarding the enhancement of calculating parameters such as the Reynolds number. For scientific and engineering research, turbulent flows at high Reynolds numbers are expected, so the MCT model can be a more suitable model for the LES of turbulent drag-reducing flows of viscoelastic fluid with polymer or surfactant additives.