The invention relates to a drug conjugate for targeted traceless release, a preparation method and application thereof. Specifically disclosed is a targeted traceless release drug conjugate, the structure of which is T-L-D, T represents a targeting group, L represents a linker, and D represents an active ingredient, wherein T is selected from RGD peptide, cyclic RGD Peptides, RGD peptide derivatives, RGD cyclic peptide derivatives, folic acid, membrane-penetrating peptides, nucleic acid aptamers, fluorescent dyes; D is a pharmaceutical active ingredient with a tertiary amino group, preferably coyba peptide A, coyba peptide A Derivatives; L is A-BC-E, BC represents the enzyme cleavage site. The present invention uses cyclic RGD which has targeting effect and is easy to synthesize and modify instead of expensive and difficult-to-synthesize antibody as the targeting molecule, which is simpler to prepare and achieves high specific targeting effect. Under the action, through the self-elimination of p-aminobenzyl quaternary ammonium salt, the traceless release of the active ingredient of the drug is realized.