Nanofluids offer great potential heat transfer enhancement and provide better thermophysical properties than conventional heat transfer fluids. Application of nanofluids in jet impingement cooling is used for many industrial and scientific purposes as it manages to effectively remove high localized heat. Owing to its tremendous improvement of the heat transfer field, the use of nanofluids in jet impingement cooling has caught the attention of many researchers. This paper reviews previous research and recent advancements of nanofluid jet impingement via both experimental and numerical studies. In experimental approaches, Al2O3-water nanofluids are the most used working fluids by researchers, and most experiments were conducted with conventional impinging jets. As for the numerical approach, the single-phase model was the preferred model over the two-phase model in obtaining numerical solutions, due to the lower computational time required. A deep insight is provided into nanofluid preparation and methods for stabilization. Parameters affecting the performance of the jet impinging system are also investigated with comparison to numerous publications. The main parameters for jet impinging include the jet-to-plate distance (H/D), the shape of the impinged plate (curved, flat or concave), nozzle configurations and the twisted tape ratio. Studies on conventional impinging jets (CIJs), as well as swirling impinging jets (SIJs), are presented in this paper.