In recent years, research has focused on developing materials exhibiting outstanding mechanical, electrical, thermal, catalytic, magnetic and optical properties such as graphene/polymer, graphene/metal nanoparticles and graphene/ceramic nanocomposites. Two-dimensional sp2 hybridized graphene has become a material of choice in research due to the excellent properties it displays electrically, thermally, optically and mechanically. Noble nanomaterials also present special physical and chemical properties and, therefore, they provide model building blocks in modifying nanoscale structures for various applications, ranging from nanomedicine to catalysis and optics. The introduction of noble metal nanoparticles (NPs) (Au, Ag and Pd) into chemically derived graphene is important in opening new avenues for both materials in different fields where they can provide hybrid materials with exceptional performance due to the synergistical result of the specific properties of each of the materials. This review presents the different synthetic procedures for preparing Pt, Ag, Pd and Au NP/graphene oxide (GO) and reduced graphene oxide (rGO) composites.