The invention discloses a preparation method for polysiloxane with extra high molecular weight, comprising the steps of (1) adding dimethyl siloxane or alpha, omega-dihydroxy polydimethylsiloxane intoa reactor, stirring, controlling the rotating speed being 30 to 60 revolutions per minute, heating up to 90-160 DEG C., adding catalyzer which occupies 0.001% to 0.1% by weight of raw materials and reacting for 2.0 to 6.0 hours at constant temperature, (2) at constant temperature, vacuum-pumping for 1.0 to 4.0 hours, and controlling the vacuum degree being -0.080 to -0.10 MPa, and (3) adding neutralizing agent which occupies 0 to 0.1% by weight of raw materials, heating up to 170-180 DEG C., introducing nitrogen, vacuum-pumping for 2.0 to 6.0 hours, stopping heating, stirring, discharging after cooling to room temperature to obtain the blocky or granular hydroxyl silicone oil products with extra high molecular weight. The invention can prepare the polysiloxane with molecular weight more than 1000000.