Whole‐body magnetic resonance imaging (WB‐MRI) has gained importance in the field of musculoskeletal oncology over the last decades, consisting in a one‐stop imaging method that allows a wide coverage assessment of both bone and soft tissue involvement. WB‐MRI is valuable for diagnosis, staging, and follow‐up in many oncologic diseases and is especially advantageous for the pediatric population since it avoids redundant examinations and exposure to ionizing radiation in patients who often undergo long‐term surveillance. Its clinical application has been studied in many pediatric neoplasms, such as cancer predisposition syndromes, Langerhans cell histiocytosis, lymphoma, sarcomas, and neuroblastoma. The addition of diffusion‐weighted sequences allows functional evaluation of neoplastic lesions, which is helpful in the assessment of viable tumor and response to treatment after neoadjuvant or adjuvant therapy. WB‐MRI is an excellent alternative to fluorodeoxyglucose‐positron emission tomography/computed tomography in oncologic children, with comparable accuracy and the convenience of being radiation‐free, fast to perform, and available at a similar cost. The development of new techniques and protocols makes WB‐MRI increasingly faster, safer, and more accessible, and it is important for referring physicians and radiologists to recognize the role of this imaging method in pediatric oncology.Level of Evidence4Technical Efficacy Stage2