Additive manufacturing offers manufacturing flexibility for intricate components and also allows for precise control over the microstructure. This review paper explores the current state of the art in additive manufacturing techniques for Alnico permanent magnets, emphasizing the notable advantages and challenges associated with this innovative approach. Both the LPBF and L-DED processes have demonstrated promising results in fabricating Alnico with magnetic properties comparable with conventionally processed samples. The optimization of process parameters successfully reduced porosity and cracking in the LPBF processing of Alnico. The review further explored the significance of additive manufacturing process parameter optimization in managing the temperature gradient and solidification rate for a desired microstructure and enhanced magnetic properties. Other potential additive manufacturing methods suitable for the fabrication of Alnico were discussed, along with the challenges associated with the process. The insights provided also highlight how additive manufacturing holds the potential to replace post-processing techniques like solutionization, magnetic annealing, and tempering often necessary in Alnico production.