The invention discloses a preparation method and application of graphene oxide modified carboxymethyl chitosan composite hydrogel, an ionic cross-linking method is adopted, a graphene oxide dispersion solution is added into a carboxymethyl chitosan solution according to a proportion, uniform mixing is performed, triphosphoric acid is added, gelatin is added to enhance water solubility and biocompatibility, and the graphene oxide modified carboxymethyl chitosan composite hydrogel is prepared. According to the present invention, the prepared composite hydrogel material has characteristics of large specific surface area, good swelling property, good thermal stability, good biocompatibility and good pH sensitive property, can be used as the sustained-release material, can improve the adhesion site of the drug, can improve the drug loading capacity, has good drug controlled-release performance, and can be used in the field of drug delivery. The medicine release time can be prolonged, the medicine curative effect is improved, the administration frequency is reduced, the precise controlled release efficiency of the medicine is improved, and the in-vitro release of the medicine is favorably controlled.