The invention discloses a wrapping isolation type lubricating oil regeneration process, and belongs to the field of lubricating oil. According to the wrapping isolation type lubricating oil regeneration process, a ball net plate is arranged, downward pushing is conducted from top to bottom, so that lubricating oil and impurities are forced to be layered, and compared with the prior art, only standing flocculation impurity removal is conducted, so that the regeneration efficiency of the lubricating oil is remarkably improved; after a ball aligning screen plate touches the bottom, along with continuous pushing, a thermal collapse floating ball gradually gets close to the middle of the ball aligning screen plate and is tightly attached to the upper portion of the ball aligning screen plate, in cooperation with heating operation, the thermal collapse floating ball gradually collapses and wraps the ball aligning screen plate, impurities and lubricating oil are effectively separated, and scattering of impurities of layering, caused when the lubricating oil is separated and vibrates, is effectively avoided so the content of the impurities in the regenerated lubricating oil is effectively reduced, the quality of the regenerated lubricating oil is improved, the impurity extraction rate is higher, meanwhile, when the collapsed thermal collapse floating ball is solidified, the impurities at the boundary of a part of the layering can be fixed, and the impurity removal rate is further improved.