The purpose of the present article is to dispense an extensive review of research works performed to observe the impacts of nanoparticles tribologically and rationalise the use of nanoparticles in metal rolling lubrication. The results of past experimental research were analysed based on tribological behaviour, lubricant characteristics, and rolling quality. Improvements in tribological behaviour, rolled surface characteristics and mechanical strength were illustrated in the present work. A specific concentration of nanoparticles in the base lubricant was discovered which provided beneficial outcomes. The oxide scale formed as an inevitable byproduct is suppressed by the nano-application. The nanoparticles served better in the rolling process in terms of temperature control due to the enhanced thermal conductivity of the base lubricant. The article advocates for the adoption of nano-lubrication in replacement of traditional lubricating fluids in the rolling process. The article lastly presents future challenges and the potential of nanolubricants in engineering applications.