The present invention provides a knitted fabric with leather fibers comprising a ground yarn layer and a face yarn layer directly connected with the ground yarn layer through double knitting. The ground yarn layer includes a plurality of first yarn loops, each of the first yarn loops is formed by a plurality of ground yarns. The face yarn layer includes a plurality of second yarn loops, each of the second yarn loops is formed by at least one face yarn attached with the leather fibers obtained from a piece of leather by a pulverization operation. A course ratio of the face yarn layer to the ground yarn layer is in a range between 1:1.25 and 1:4. Accordingly, the invention provides an innovative knitted fabric and solves the problem that the leather cannot be recycled after being discarded.