The invention provides a deep hole drilling and boring machine variable-position cutter supporting module. The deep hole drilling and boring machine variable-position cutter supporting module comprises a connecting base, a supporting vertical frame, a hollow rack, a supporting sleeve base, a square-head bolt, a cross beam, an adjusting pipe, a supporting rod, an adjusting bolt, a mounting base anda mounting hole, and the transverse inner end of the connecting base is connected to the middle of the outer side of the supporting vertical frame through a bolt; and the longitudinal lower part of the hollow rack is inserted into the supporting sleeve base and is fastened and connected through the square-head bolt. Through the arrangement of an anti-injury pad, movable cutter clamping bases, a clamping rod, an adjusting handle, a through hole, a supporting base and a clamping bolt, fixing and clamping of a cutter are facilitated, cutters of different types can be fixed and clamped, by loosening the clamping bolt, the adjusting handle is held by hand to move and adjust the position of the clamping rod in the through hole, and the cutter is fixed between the movable cutter clamping bases through the anti-injury pad, so that the clamping rod is jacked tightly, finally, the clamping bolt is locked, the cutter can be fixedly clamped, and the anti-injury effect can be achieved.