With a rapid expansion in electric vehicles, a huge amount of the spent Li-ion batteries (LIBs) could be discharged in near future. And thus, the proper handling of the spent LIBs is essential to sustainable development in the industry of electrical vehicles. Among various approaches such as pyrometallurgy, hydrometallurgy, and direct recycling, the hydrometallurgical manner has gained interest in recycling the spent LIBs due to its high effectiveness in recycling raw materials (e.g., lithium, nickel, cobalt, and manganese). However, the hydrometallurgical process not only requires the use of large amounts of acids and water resources but also produces toxic gases and wastewater leading to environmental and economic problems, considering potential economic and environmental problems. Thus, this review aims to provide an overview of conventional and state-of-the-art hydrometallurgical processes to recover valuable metals from spent LIBs. First, we briefly introduce the basic principle and materials of LIBs. Then, we briefly introduce the operations and pros-and cons- of hydrometallurgical processes. Finally, this review proposes future research directions in hydrometallurgy, and its potential opportunities in the fundamental and practical challenges regarding its deployment going forward.