Spectral signals often suffer from the common problems of band overlap and random Gaussian noise. To address these problems, we propose a sparsity regularization-based model that deconvolutes the degraded spectral signals. Sparsity regularization is achieved by fitting the probability density function of the gradient of the signal, and then, the iteratively reweighted least-squares method is used to solve the minimization problem. Results from experiments using real spectral signals showed that this algorithm separates the overlapping peaks and effectively suppresses the noise. The deconvoluted spectral signals will promote the practical application of infrared spectral analysis in the fields of target recognition, material identification, and chemometrics analysis.Hai Liu and Zhaoli Zhang have contributed equally to this work.