Exploring　the　effective　recycling　of　waste　styrene-butadiene-styrene　block　copolymer　(SBS)　modified　asphalt　mixture　is　the　difficulty　and　hotspot　in　the　field　of　road　materials　research.　Common　rejuvenation　method　and　reactive　rejuvenation　method　were　used　to　recover　the　road　performances　of　aged　SBS　modified　asphalt　mixture　(ASMBM)　in　this　paper.　The　recovery　effect　of　high-and　low-temperature　performance,　fatigue　resistance　and　water　stability　for　ASMBM　after　rejuvenation　was　studied,　and　the　road　performance　development　of　ASMBM　after　reactive　rejuvenation　in　the　early　stage　was　also　investigated.　The　results　show　that　reactive　rejuvenation　method　could　significantly　enhance　the　Marshall　stability　and　rutting　resistance　of　rejuvenated　ASMBM,　and　further　improve　its　low-temperature　cracking　resistance　as　compared　with　common　rejuvenation　method,　which　attributes　to　the　reconstruction　of　aged　SBS　cross-linking　structure　and　its　improvement　on　the　interface　stability　of　rejuvenated　mixture.　Meanwhile,　the　fatigue　life　of　reactive　rejuvenated　ASMBM　under　strain　level　of　400　&　mu;&　epsilon;　is　26.6　%　higher　than　that　of　common　rejuvenated　mixture.　Water　stability　test　results　show　that　reactive　rejuvenation　is　more　benefi-cial　to　restore　the　water-immersed　Marshall　stability　and　Hamburger　rutting　resistance　of　ASMBM.　Furthermore,　the　road　performances　of　reactive　rejuvenated　ASMBM　have　a　further　improvement　with　the　extension　of　time　in　the　early　stage　after　rejuvenation,　its　Marshall　sta-bility,　the　freeze-thaw　splitting　strength　ratio　and　water-immersed　Marshall　stability　could　restore　to　the　initial　level　of　fresh　mixture.　Thus,　reactive　rejuvenation　method　is　more　conducive　to　realizing　the　high-performance　recycling　of　waste　SBS　modified　asphalt　mixture　and　enhance　its　recycling　value.