Disclosed is a rotary cage type optical disk library storage system capable of replacing optical disks. The device includes a case, a burning device, and a rotary cage storage device. The burning device is fixed in the case and includes a burn cabinet, a disk feeding mechanism and an internal gripping mechanism. Multiple optical disk cartridges are arranged in layers from top to bottom in the burning cabinet. The disk feeding mechanism is located just below the burning cabinet. The internal gripping mechanism can move up and down and grab and place the optical disk. The rotary cage storage device and the burning device are fixed in the case side by side. The rotary cage storage device includes a rotary cage mechanism, a rotary cage cassette placed in the rotary cage mechanism for storing optical disks, and a belt drive mechanism driving the rotary cage mechanism to rotate.