Abstract: Breast cancer (BC) is the second most prevalent cancer among women and can originate from the tubes, connective tissue, and lobules of the breast. The primary focus of this review is to highlight the significant advancement in the development of receptor-targeted nanotherapy for the management of metastatic breast cancer. These innovative systems directly target the specific cancer cell receptor to enhance the precision and effectiveness of the treatment. Inadequate therapy and incorrect diagnosis in conventional treatment have contributed to the rising mortality rate from breast cancer. BC that has spread to another organ in the body, commonly called Metastatic breast cancer (MBC) or Stage IV metastases, is an aggressive and heterogeneous illness that decreases the prognosis. The current treatment methods for MBC are similar to initial-stage breast cancer, which involve hormonal surgery, chemotherapy, immunotherapy, and radiation therapy with poor specificity and invasive. Moreover, treating MBC is more difficult because the cancer cells varies depending on the organ. Nanotechnology provides valuable insights for treating MBC that enable the early identification of tumor cells. Moreover, it can also transport therapeutic agents directly to the targeted sites while reducing the toxicity to healthy tissue. Due to its multifunctional, programmable, and trackable properties, future research and treatment may succeed with nanotechnology-based imaging and therapy. The present study summarizes an overview of nanotechnology-based drug delivery methods (NDDM) and receptor-targeting nanotherapy (RTN) that are applied in MBC therapy to gain attention in clinical applications. Clinical trial studies have also been discussed along with receptor-targeting nanomedicine and the status of the most relevant patent.