Nanomaterials manipulation using dielectrophoresis (DEP) is one of the major research areas that could potentially benefit the micro/nano science for diverse applications, such as microfluidics, nanomachine, and biosensor. The innovation and development of basic theories, methods or applications will have a huge impact on the entire related field. Specifically, for DEP manipulation of nanomaterials, improvements in comprehensive performance of accuracy, flexibility and scale could promote broader applications in micro/nano science. Therefore, to explore the directions for future research, this paper critically provides an overview on the fundamentals, recent progress, current challenges, and potential applications of DEP manipulation of nanomaterials. This review will also act as a guide and reference for researchers to explore promising applications in relevant research.