Two-dimensional molybdenum disulfide (MoS2) has been proved to be a good candidate in photodetectors, and MoS2/graphene (MoS2/G) heterostructure has been widely used to expand the optical response wavelength of MoS2. To clarify the carrier transfer dynamics in the MoS2/G heterostructure, time-resolved transient absorption and two-color pump–probe measurements are performed. By comparing the carrier dynamics in MoS2 and MoS2/G under different pump wavelengths, we find that interfacial excitons are formed in the heterostructure, and fast hot carriers transfer (<200 fs) from graphene to MoS2 are observed. The results indicate that the formed heterostructure with graphene can not only expand the optical response wavelength of MoS2 but also improve the response time of the device in the near-infrared region.