The invention provides a construction method for drawing out a prestress high concrete (PHC) pile and reusing the PHC pile for retaining in deep excavation. The pile drawing method mainly comprises the steps of pile and soil separation carried out through a high-pressure swing jet grouting soil removal method, static pile drawing through a pile drawing machine, examination and detection of the drawn tubular pile and the like. The construction method for using the drawn tubular pile for retaining in deep excavation mainly comprises the steps of double-shaft stirring pile construction, hammering tubular pile construction, surface soil excavation, prestress anchor cable construction, crown beam steel bar and formwork construction, crown beam concrete construction, anchor cable and crown beam maintenance, anchor cable tensioning and locking, soil excavation and the like. The PHC pile is drawn through a method combining pile periphery soil removal method and a static drawing method, damage to the PHC pile in the drawing process is avoided to the greatest content, the pile drawing efficiency is improved, and the construction period is shortened. Meanwhile, the drawn PHC pile is used for vertical retaining in deep excavation, the construction period is effectively shortened, the engineering cost is reduced, resources are saved, and the environment is protected.