Titanium-bearing blast furnace slag (TBFS) is formed during the smelting of vanadium-titanium magnetite ore, containing more than 10 wt % Ti. The metal resource in TBFS has not yet been utilized because of the difficulty of extracting the objective phase from the complex eutectic. In this work, thermodynamic and experimental studies of selective leaching of diopside phase in TBFS in 20 wt % H2SO4 were conducted. The Gibbs free energy of reaction with H2SO4 calculated by applying a mechanical mixture model was in the order of Ti-bearing diopside < MgAl2O4 < Ti-rich diopside < CaTO3. The extraction rate of Ti ions was controlled by the leaching temperature and leaching time in 20 wt % H2SO4. The extraction rate of Ti reached as high as 0.50 under optimal conditions. The diopside phases in TBFS were completely decomposed, while the perovskite (CaTiO3) was almost unaffected by 20 wt % H2SO4. The experimental results agreed with the trend of thermodynamic calculations, supporting their validity. The hydrolysis of TiOSO4 showed the possibility of obtaining high-purity TiO2. This work shows the selective leaching of the diopside phase in TBFS and suggests an environmentally friendly method for utilizing Ti-bearing blast furnace slag and waste acid.