The Ugi reaction, one of the most famous multicomponent reaction, has recently been introduced into polymer chemistry as a novel, efficient and useful tool to prepare multifunctional polymers. In this review, recent progress on the utilization of the Ugi reactions in polymer chemistry, including monomer synthesis, polycondensation, post-polymerization modification (PPM) etc. has been be summarized. Meanwhile, the applications of multifunctional polymers synthesized via the Ugi reaction and the future development of the Ugi reaction in polymer chemistry have also been discussed.