The invention relates to a recovery method of microspherical catalyst for a fluidized bed. The invention provides the method that catalyst to be recovered is mixed with each raw material preparing the fresh microspherical catalyst in certain proportion, the spray drying and the high temperature roasting are performed after the colloid milling of feed pulp, and the microspherical catalyst having the low abrasion index and the suitable particle size distribution can be obtained. The invention has the preparation processes that: firstly, according to the stoichiometric ratio of oxide dry basis, the catalyst to be recovered, molecular sieve initial powder, binding agent, auxiliary agent, pore forming agent, and deionized water are mixed and pulped, and the weight content of the oxide dry basis of recovered catalyst is not more than 80 percent in total blending; secondly, the colloid milling of the feed pulp through a colloid mill is performed, thereby the solid particle diameter contained in the feed pulp is smaller than 20 micron, 90 percent of the particle diameter is small than 10 micron, and 70 percent of the particle diameter is small than 5 micron; thirdly, the spray drying is performed, thereby producing a microspherical sample; fourthly, the microspherical sample is roasted in oxygen-containing atmosphere at 500 to 800 DEG C, thereby obtaining the microspherical catalyst for the fluidized bed. The recovered and prepared microspherical catalyst can be used for the reaction of producing alkene by converting an oxygen compound.