In order to explore the relationship between welding thermal cycles and the thermal field during the repair process of dies, a numerical simulation software (SYSWELD) was employed to construct a thermo-mechanical coupled model. The influence of various inter-layer cooling times was investigated on heat accumulation, residual stress, and deformation of the repaired component. The results showed that the numerical simulation results agreed well with experimental data. The temperature within the cladding layer gradually rose as the number of weld beads increased, leading to a more pronounced accumulation of heat. The residual stress exhibited a double-peak profile, where the deformation of the repaired component was large at both ends but small in the middle. The less heat was accumulated in the cladding layer with a prolonged cooling time. Meanwhile, the residual stress and deformation in the repaired component experienced a gradual decrease in magnitude. The numerical simulation results demonstrated that the microstructure of the repaired component predominantly consisted of martensite and residual austenite at the optimal cooling time (300 s). Furthermore, the microhardness and wear resistance of the cladding zone significantly surpassed those of the substrate. In conclusion, this study suggested the prolonged cooling time mitigated heat accumulation, residual stress, and deformation in repaired components, which provided a new direction for future research on the die steel repairments.