In Universal Network, there is disclosed a method and system for realizing location management of multihomed terminals, the system comprises home domains and foreign domains, in which the home domains of a multihomed terminal refer to the domains managing the multihomed terminal; the other domains are the foreign domains of the multihomed terminal; each domain includes at least one Identifier Mapping Server and one Accessing-Switching Router; the Identifier Mapping Server memorizes and manages the mapping information; and the Accessing-Switching Router allocates the mapping information for multihomed terminals. This invention facilitates the implement of multihoming in the Internet and makes the network resources be used efficiently. Especially, the Internet service providers can manage the multihomed terminals easily and efficiently.