Expression of various immune checkpoint proteins has been detected in exosomes. Exosomes are extracellular vesicles (EVs) of 40–150 nm in diameter and are bioactive lipid bilayer nanovesicles secreted by almost all types of normal or tumor cells. Exosomes can carry various molecules (e.g., proteins, lipids, DNA, and RNA) that are mainly involved in intercellular signal communication[
8-
11]. However, there may be significant differences in exosomal activity among different cell types. Furthermore, exosomes can carry cell-type-specific proteins with specific fates and functions[
10]. Exosomes secreted by the same cell contain distinct components, and the different numbers of exosomes can be secreted under different stimuli[
8]. A large number of studies have shown that exosomes are involved in a variety of physiological and pathological processes[
12,
13] and promote or inhibit the occurrence of diseases such as autoimmune diseases[
14], kidney diseases[
15], brain diseases[
16,
17], bone diseases[
18], and cardiac diseases[
19]. Exosomes play a pivotal role in steps of tumor progression[
20-
22], including tumor cell proliferation[
23,
24], angiogenesis[
25,
26], and metastasis[
27,
28]. Exosomes are an important part of the tumor microenvironment (TME) and can exert a predictive role in the state of the TME to a certain extent[
29]. As important carriers of cell content exchange, exosomes have attracted widespread attention for their role in chronic lymphocytic leukemia (CLL)[
30], ovarian cancer (OvCa)[
26], pancreatic cancer[
23,
31,
32], gastric cancer[
27], esophageal cancer[
33], colorectal cancer[
34], liver cancer[
35], and other types of cancer, in suppressing immune responses and regulating the TME[
21,
22,
36,
37]. The cargo carried by exosomes has been proven to promote inflammation, angiogenesis, tumor growth, and metastasis[
38]. For example, leukemia cell-derived exosomes can transform monocytes into “tumor-associated macrophages” and release inhibitory growth and anti-apoptotic factors beneficial for the expansion of leukemia cells[
38]. The proteins of tumor-derived exosomes (TEXs) are delivered to endothelial cells through endocytosis, inducing angiogenesis and promoting tumor growth[
25]. The biologically active proteins carried by exosomes can inhibit the cytotoxicity and regulate the expression of immune-related genes in T cells to promote tumor immune escape[
39]. Extensive investigation of the components of exosomes has revealed the expression of various immune checkpoint proteins, such as PD-L1, CTLA-4, and TIM-3, in exosomes, especially in TEXs. An increasing number of researchers believe that immune checkpoint proteins in exosomes are involved in a novel mechanism that mediates tumor immune escape[
40-
43]. Accumulated evidence supports the hypothesis that these checkpoint molecules may act as new targets for cancer immunotherapy, with immune checkpoint blockade acting as a promising method for activating anti-tumor immunity[
1,
7,
44]. Blocking the secretion of exosomes in addition to the immune checkpoints may further enhance the effectiveness of anti-tumor immune responses and offer new insights for tumor immunotherapy. Further, exosomes derived from normal cells and tumor cells are quite different in terms of number and composition, reflecting specificity to a certain extent, and are present in various body fluids[
30,
38,
45,
46]. Thus, the detection of exosomes has potential value in early disease diagnosis and the prognostic evaluation of tumors[
20,
47]. In this article, we reviewed the impact of various tumor-derived exosomal immune checkpoints on immune function in recent years, and summarized the important value of exosomes in clinical and scientific research.