Abstract: A method for recovering a low molecular weight polymer containing no catalyst residue, which method comprises the steps of: polymerizing a conjugated diolefin or copolymerizing comonomers of conjugated diolefins and a vinyl compound having anionic polymerization activity in the presence of a catalyst containing an organic sodium compound and a chain transfer agent of an alkyl aryl compound; uniformly mixing the obtained polymerization mixture with an isopropyl alcohol aqueous solution; separating the thus obtained mixture into two phases of a polymer mixture containing the liquid low molecular weight polymer and an isopropyl alcohol aqueous solution containing catalyst residue; and separating the low molecular weight polymer from the polymer mixture.