This study showcases the possibility of tailoring the wettability of magnetic bacterial cellulose (m-BC) composites by the combined effect of in situ synthesized magnetic nanoparticles (MNPs) distribution and simultaneous oleic acid (OA) coating within the BC matrix. This combined effect of MNPs and OA resulted in m-BC composites exhibiting solvent-dependent and time-dependent surface-wetting behavior, which was not observed in either individual cases of BC that have been modified with OA or BC that has MNPs adsorbed on its fibers. This tailored wettability in m-BCs was achieved via varying the concentrations of iron precursors, which governed the arrangement and morphology of MNPs (uniformly or clustered) on the BC membrane, although the same fraction of MNPs was observed in both the m-BCs. Finally, we have achieved delayed water absorption in m-BC_x (synthesized in a comparatively lower precursor concentration) and no absorption of water in m-BC_4x (synthesized in a 4-times-higher precursor concentration). The m-BC_4x composite maintained its hydrophobic characteristics in diverse environments, ranging from highly acidic conditions (pH 1.2) to physiological environments at pH 4, 5.5, and 7.4. The MNP agglomerates on the BC nanofibers in the m-BC_4x composite were found to be instrumental in attaining a stable cyclic absorption performance with structural integrity. Additionally, the magnetic-inducing heat generation efficiency of the m-BCs can be extended for evaporating low-boiling-point solvents. The present study expands the frontiers of BC-based magnetic composites by emphasizing the assembly of surfactant-coated magnetic nanostructures in their responsiveness to polar/nonpolar liquids with stable performance even in complex scenarios.