The evolution of the microstructure and texture during annealing of a modified ferritic/martensitic 9Cr-1Mo steel compressed by dynamic plastic deformation (DPD) to a strain of 2.3 has been investigated using transmission electron microscopy and electron backscatter diffraction. It is found that the duplex h111i + h100i fiber texture formed by DPD is transformed during annealing to a dominant h111i fiber texture, and that crystallites of the h111i component have an advantage during both nucleation and growth. Detailed characterization of the microstructural morphology, and estimation of the stored energies in h111i-and h100i-oriented regions in deformed and annealed samples, as well as investigations of the growth of recrystallizing grains, are used to analyze the annealing behavior. It is concluded that recrystallization in the given material occurs by a combination of oriented nucleation and oriented growth.