Myeloperoxidase (MPO) anti‐neutrophil cytoplasmic antibodies (ANCA) are often detected in association with a variety of lung pathologies, the most common being interstitial lung disease (ILD). A growing cohort of patients are being diagnosed with MPO‐ANCA in the context of ILD without ANCA‐associated vasculitis. Clinically and radiologically, there is little to differentiate this cohort from MPO‐ANCA‐negative ILD patients; however, the pathophysiology is likely different and different treatments are likely required. We present here a brief summary of the proposed pathophysiology of MPO‐ANCA‐positive ILD, and a more detailed review of the latest evidence on management, including monitoring for development of ANCA‐associated vasculitis, immunosuppression, anti‐fibrotics, and novel agents that have yet to be trialled in human experiments.