We have prepared Fe3O4 nanocrystal-embedded polyaniline hybrids with well-defined duster-like morphology through macromolecule-induced self-assembly. These magnetic and electrically conductive composite nanoclusters show flowability at room temperature in the absence of any solvent, which offers great potential in applications such as microwave absorbents and electromagnetic shielding coatings. This macromolecule-induced self-assembly strategy can be readily applied on the fabrication of other ion oxide/conjugated polymer composites to achieve robust multifunctional materials.