The utility model relates to a material distribution valve type reclaiming device with a sinter furnace type cooling function and a circular cooler type cooling function. The material distribution valve type reclaiming device comprises a discharge hopper, a left chute pipe and a right chute pipe, wherein the discharge hopper is arranged below a single-roller crusher and a sintering machine tail wheel; a lower outlet of the discharge hopper is sealed by a material receiving platform; two material outlets are symmetrically formed in the lower side wall of the discharge hopper; the left chute pipe and the right chute pipe are arranged at the two materials outlets of the discharge hopper respectively; a left gate plate and a right gate plate capable of sealing the material outlets are arranged at the two material outlets of the discharge hopper through rotary shafts respectively; a chain scraper conveyer conveying materials to a cooling furnace is arranged below the material outlet corresponding to the left chute pipe, and a belt conveyor conveying the materials to a circular cooler is arranged below the material outlet corresponding to the right chute pipe. The reclaiming device is simple and convenient to operate, and small in occupied space. When a sinter furnace type cooling waste heat recovery utilization system stops for maintenance or suddenly fails, the standby circular cooler is quickly switched for cooling operation, and production of a sintering main line is not influenced.