The invention belongs to a magnesium alloy wheel multi-directional forming method and a die. The method is characterized by comprising the working procedures of blanking, upsetting, multi-directional extrusion, forward extrusion, flaring, heat treatment, machining and surface treatment, in the working procedures of the multi-directional extrusion, the forward extrusion and the flaring, axial pressure is applied to an axial male die so as to complete the forming of a magnesium alloy wheel, and lateral pressure drives a lateral male die to be connected with a split female die so as to complete the clamping and splitting of the split female die. The method solves the problems of forming and demoulding of a round wheel with small middle part and two large ends, has the advantages of simplifying the technical processes, improving the production efficiency, preventing the generation of burr flash, having high forming precision and the like.