In this review, homogeneous and heterogeneous grafting from cellulose and cellulose derivatives by ring-opening polymerisation (ROP) are reported. Cellulose is biorenewable and biodegradable as well as a stiff material with a relatively low specific weight, foreseen to be an excellent replacement for synthetic materials. By utilising ROP of monomers such as ε-caprolactone or l-lactide from cellulose, composite materials with new and/or improved properties can be obtained. Grafting of solid cellulose substrates, such as cotton, microfibrillated cellulose (MFC) or cellulose nanocrystals, renders cellulose that can easily be dispersed into polymer matrices and may be used as reinforcing elements to improve mechanical and/or barrier properties of biocomposites. A surface grafted polymer can also tailor the interfacial properties between a matrix and the fibrillar structure of cellulose. When derivatives of cellulose are grafted with polymers in homogenous media, amphiphilic materials with interesting properties can be achieved, anticipated to be utilised for applications such as encapsulation and release.