Phenolic compounds have recently been recognized for their influence on human metabolism, acting in the prevention of some chronic diseases as well as proving to be important antioxidants in food. Nevertheless, the extraction and concentration processes are usually carried out by organic solvent extraction from natural sources and can generate some drawbacks like phenolic compound degradation, lengthy process times and low yields. As a solution, some eco-friendly technologies, including solid-state fermentation (SSF) or enzymatic-assisted reaction, have been proposed as alternative processes. This article reviews the extraction of phenolic compounds from agro-industrial co-products by solid-state fermentation, even as friendly enzyme-assisted extractions. It also discusses the characteristics of each bioprocess system and the variables that affect product formation, as well as the range of substrates, microorganisms and enzymes that can be useful for the production of bioactive phenolic compounds.