Phosphorus (P) is essential for life and has a fundamental role in industry and the world food production system. The present work describes different technologies adopted for what is called the second-generation P recovery framework, that encompass the P obtained from residues and wastes. The second-generation P has a high potential to substitute the first-generation P comprising that originally mined from rock phosphates for agricultural production. Several physical, chemical, and biological processes are available for use in second-generation P recovery. They include both concentrating and recovery technologies: (1) chemical extraction using magnesium and calcium precipitating compounds yielding struvite, newberyite and calcium phosphates; (2) thermal treatments like combustion, hydrothermal carbonization, and pyrolysis; (3) nanofiltration and ion exchange methods; (4) electrochemical processes; and (5) biological processes such as composting, algae uptake, and phosphate accumulating microorganisms (PAOs). However, the best technology to use depends on the characteristic of the waste, the purpose of the process, the cost, and the availability of land. The exhaustion of deposits (economic problem) and the accumulation of P (environmental problem) are the main drivers to incentivize the P’s recovery from various wastes. Besides promoting the resource’s safety, the recovery of P introduces the residues as raw materials, closing the productive systems loop and reducing their environmental damage.