To provide an insole with a replaceable sheet in which the sheet is freely attachable/detachable, handy, and easy to carry in a rolled or folded state and in which the sheet can provide moisture-absorbing, deodorizing, and other effects.

The insole with a replaceable sheet is structured in such a manner that two insoles perforated with a number of holes are combined and made to open/close and that the sheet for producing moisture-absorbing, deodorizing and other effects is installed between the two insoles.