The invention provides a polishing wheel with a handle and a tool for manufacturing the polishing wheel with the handle and a manufacturing method of the polishing wheel with the handle. The tool is simple in structure, the manufacturing method adopting the tool is simple, easy to operate and high in production efficiency, and after the manufactured polishing wheel is worn and scrapped, the handlecan be repeatedly used. The tool comprises a tool body, a two-stage step hole is formed in the tool body, and is a through hole, the through hole comprises a first-stage hole section and a second-stage hole section which are coaxially arranged, wherein the diameters of the first-stage hole section and the diameters of the second-stage hole section are each reduced in sequence, the first-stage hole section is used for containing the polishing wheel, the diameters of the first-stage hole section are in transition fit with the diameter of the polishing wheel, the second-stage hole section is used for containing the handle, and the diameters of the second-stage hole section is in transition fit with the diameter of the handle. According to the manufacturing method of the polishing wheel withthe handle, the polishing wheel is placed in the first-stage hole section of the tool body, the tool body and the polishing wheel are fixed, one end of the handle is inserted into the second-stage hole section, pressure is applied to the other end of the handle, the end, inserted into the second-stage hole section, of the handle is continuously inserted into the polishing wheel, then only the toolbody is fixed, and then the pressure is continuously applied again, so that the handle drives the polishing wheel to be separated from the tool body together, and manufacturing of the polishing wheelwith the handle is completed.