The invention which belongs to the solid waste resource field relates to a cyclically degradable granulated conditioning agent and an application of the conditioning agent in sludge compost. Problems of large dosage, difficult recycle, sludge compost cost increase, slow late degradation and compost period prolongation of traditional organic conditioning agents are solved, and problems of the residual of an inorganic conditioning in the compost and finished product quality reduction are simultaneously solved. The cyclically degradable granulated conditioning agent of the invention is a wood homogeneous body with particle sizes of 0.5-10cm. The application comprises the following steps: 1, mixing sludge with the conditioning agent to obtain a mixture; 2, fermenting the mixture at a high temperature; and 3, discharging the obtained material after the fermentation, and screening out the conditioning agent, wherein the screening rate is greater tan 98%. The conditioning agent of the invention has the advantages of stable space structure, good fluidity, easy screening, recyclable use, good hydroscopicity, water adjustableness, good microbial adhesiveness, recyclable inoculation, and no influence of the finished product quality by the residual. The conditioning agent has very high popularization and application values.