Aluminium oxide and graphene reinforced with ultrahigh molecular weight polyethylene (UHMWPE) composites offer significant potential for prosthetic and implant applications due to their unique combination of properties. In this article, a series of aluminium oxide and graphene reinforced with ultrahigh molecular weight polyethylene (UHMWPE) composites were successfully fabricated through compression moulding. The average hardness of all the composites was observed to be higher than the UHMWPE (6.1 Hv). Composite U-15A-5 G was found to be the hardest with hardness of 10.5 Hv owing to strong bond between Al2O3 and UHMWPE. The compression strength of the U-15A-5 G material was about 81.936 MPa, which is 40.9% better than the pure UHMWPE. The compression modulus was about 330 MPa which is 22.2% higher than neat UHMWPE. Composite samples were tribo tested under simulated body fluid (SBF) lubricating environment. Using combined entropy-COCOSO method it was found that 50 mm/s speed, 200N load and 5% graphene are the optimum tribological parameters. with Cof of 0.04 and wear rate of 4.8745*10−4 mm3/Nm. Microstructure analysis indicated that long-range structured lamellar structures and microfibers were created between the crystals with the assistance of graphene layers. Apatite layer was also found on the sample. The apatite layer included phosphate and carbonate ions, which is good for in vitro bioactivity on polymeric films. This composite is a good candidate for prosthetics and implant components.