A comprehensive calorimetric study of high-temperature phase equilibria and phase transformation characteristics in U-xZr (x = 2, 5, 10 wt pct) alloys has been undertaken, as a function of heating and cooling rates. It is found that the following sequence of phase transformation takes place upon slow heating in annealed U-2 wt pct Zr alloy: α + α′ + δ-UZr2 → α + γ 2 → β + γ 2 → β + γ 1 → γ. For alloys of 5 and 10 wt pct Zr, the additional presence of a miscibility gap (γ 1 U-rich bcc + γ 2 Zr-rich bcc) in the high-temperature γ(bcc) phase region resulted in the following transformation sequence: α + α′ + δ-UZr2 → α + γ 2 → β + γ 2 → γ 1 + γ 2 → γ. Further, it has been demonstrated that depending on the nature of starting microstructure, namely whether it is α eq + δ-UZr2, or a mix of α′ + α eq + δ-UZr2 phases, the relative extents of two possible co-occurring modes of the first on-heating phase transformation step differ. In case of starting microstructure having mixture of three phases α′ + α eq + δ-UZr2, it is found that α′-martensite relaxation via α′ + α eq + δ-UZr2 → α eq + δ-UZr2 constitutes the first on-heating thermal response. The α′-martensitic relaxation is very closely followed by the dissolution of δ-UZr2. The co-occurrence of these two events gives rise to a composite thermal arrest in a normal dynamic calorimetry profile. However, if the starting microstructure is the one having the equilibrium mix of α eq and δ-UZr2, then only the peritectoidal dissolution of δ-UZr2 is found in the calorimetry profile. Unless, a very slow cooling rate of the order of 0.1 K min−1 is adopted from high-temperature γ(bcc) phase, it is not possible to obtain 100 pct of α eq phase along with equilibrium amount of δ-UZr2. At normal and high cooling rates, it is possible to suppress the diffusional decomposition of γ to varying extents. The direct γ → α′-martensite transformation has been observed at sufficiently higher cooling rates. It has been also noticed that even after γ → α′-martensite transformation the precipitation of δ-UZr2 phase is possible at lower temperature during non-isothermal cooling. Further, the critical cooling rate required for γ → α′ displacive transformation is found to decrease with increasing Zr content. For U-2, 5, and 10 wt pct Zr alloys, it is found to be of the order of, 60, 20, 10 K min−1, respectively. The cooling rate from high-temperature γ(bcc) is found have a strong influence on microstructure evolution as well. The kinetic aspects of α → β diffusional transformation that occurs on heating have been modeled in terms of Kolmogorov–Johnson–Mehl–Avrami formalism, and it is found that the transformation is effectively controlled by the diffusion of Zr in α′-orthorhombic phase. Continuous heating and cooling transformation diagrams have also been obtained for U-2 wt pct Zr alloy.