Laser-powder DED (LP-DED) has been investigated extensively for the rapid prototype of complex and customized metallic parts and in-situ repairing tasks. However, unlike the material extrusion type which allows a relatively large overhang angle, the conventional 2.5-axis LP-DED faces a severe overhang issue that deteriorates the printing stability and quality. While five-axis LP-DED is able to effectively resolve the overhang problem, it however introduces new kinematic issues and limited nozzle orientation range due to physical restrictions of DED. The existing computer numerical control systems are mainly designed for machining, where the above issues can be mostly solved by feedrate scheduling, which, however, is not applicable for LP-DED processes, as the feedrate must be preserved as programmed lest deposition height would be altered since in most cases it is not practical to vary the powder flow rate in real-time. In this paper, a feedrate-preserved motion planning method is proposed to optimize the rotational angles of the machine tool in the machine coordinate system (MCS) under the constraints of MCS and workpiece coordinate system (WCS). Given a five-axis DED path as well as its accompanying initial nozzle orientation in WCS, we first map them via inverse kinematics to MCS, which is represented by a cylindrical coordinate system. Then, the motion path in the cylindrical coordinate system is optimized to avoid the singularity. Finally, the physical constraint of nozzle orientation in WCS is introduced into the time-weighted constrained Laplacian smoothing in MCS with the axial speed limits upheld. The experimental results confirm that the actual feedrate is successfully preserved as the theoretical one under the constraints of the axial kinematic limits, while the singularity is avoided.