The invention discloses a method for preparing embossable solvent-free synthetic leather. The method comprises the following steps: (a) preparing an embossable solvent-free synthetic leather dry-method half-finished product, namely, uncoiling a piece of release paper, coating a surface layer, drying, cooling, coating a thermoplastic foaming middle layer, drying, cooling, coating a thermoplastic foaming adhesive bottom layer, pre-drying, semi-crosslinking, semi-foaming, adhering to a substrate, cross-linking, solidifying, and peeling off the release paper, so as to obtain an embossable solvent-free synthetic leather dry-method finished product; and (b) embossing and performing aftertreatment, namely, uncoiling the embossable solvent-free synthetic leather dry-method finished product, embossing, and performing other aftertreatment, so as to prepare an embossable solvent-free synthetic leather finished product. The made synthetic leather is of a two-layer foaming structure, the upper layer is a relatively thin thermoplastic foaming middle layer which can be softened, cooled and reformed and deforms at certain temperature, so that the synthetic leather has the characteristic of embossability; the lower layer is a relatively thick thermoplastic foaming bottom layer which can show main physical properties and the hand feeling of the synthetic leather. The synthetic leather can be produced by using an ordinary synthetic leather production line.