The invention relates to a knitting process of elastic wool knitted fabrics. The knitting process is as follows: yarn soaking, yarn feeding, loop removal, needle narrowing, yarn lapping, yarn bending, looping, and 1 to 3 stitches between adjacent knitting needles. Needle selection does not participate in knitting, and repeat steps to form a single-pass knitting. 3*N single-pass stitches are used as a complete weave for circular knitting. The odd-numbered routes that are divided by 3 times are knitted with wool yarn front loops, and the even-numbered routes that are divided by 3 multiples are knitted with wool yarn reverse loops. , a multiple of 3 is woven with high-elastic fibers, N is an integer above 1, and a knitted fabric is formed. The knitted fabric is soaked in warm water, dehydrated and dried for relaxation treatment, and then placed on a heat setting machine to expand and set. Finally, Knitted fabrics are stitched or woven to obtain cap knitted fabrics. The laying positions of the wool yarn and the high-elastic fiber are different, so that the coil sinker arc is stretched into a loop. The high-elastic fiber bound wool yarn has good covering weaving performance, stable tension, and no breaks Hair phenomenon, high dimensional stability, can improve the elongation and elasticity of wool knitted fabrics.