A scented stuffed toy has a latex body formed to define an exterior appearance and having a chamber therein, a scented material being scented and mounted inside the chamber, and a PU stuffing formed by polyurethane foam, fully filled in the chamber and adhered to an inner wall of the latex body. A method for producing a scented stuffed toy has a mold preparing step, a latex injecting step, a polyurethane filling step, a scented material adding step, a foaming step and a demolding step. As the PU stuffing is combined with the scented material and foamed inside the latex body, the present invention emits a scent and attracts the sense of smell of pets so that pets can play with the scented stuffed toy with more fun.