The invention relates to a transformer immersion oil filter paper. The transformer immersion oil filter paper comprises an outer filter bag, a solid waste filtering layer and a water absorbing layer are arranged in the outer filter bag, and the solid waste filtering layer is arranged above the water absorbing layer. The transformer immersion oil filter paper has a large filtering area, a low initial resistance, a high waste scrap capacity and a long service life. Solids in old transformer oil undergo three-stage filtration by a scrap accommodating layer, a transition layer and a fine filter layer, so solid impurities can be removed, the filtration efficiency is high, and the filtration effect is good; and water in the old transformer oil can be adsorbed by the water absorbing layer to complete dewatering work, and the filtering work and the dewatering work are simultaneously completed, so the operation is simplified, manpower and material resources are saved, and the implementing effect is good.