There is a continuous search for sustainable materials and processes for dyeing and finishing of textiles to diminish the hazardous impact on the nature. In current study, the grafting of biocomposite Sodium Alginate-Silver nanoparticles (SA-Ag NPs) on the wool yarns was performed, and all samples were dyed with Cochineal and Madder dyes. The weight gain of the samples was measured to find the optimized SA-Ag NPs initial concentration, and the surface morphology of samples was studied by SEM-EDX. The color strengths of the treated samples were calculated, and the impacts of various parameters, including the initial dye concentration, pH, temperature, and duration were investigated . It was found that the pretreatment enhanced the dye-ability, antimicrobial, and antioxidant characteristics of the samples noticeably. To obtain the same color strength on the treated wool samples, one can use less amount of initial dye concentration, at a lower temperature, and for a shorter duration compared to the values needed for dyeing of untreated samples. The colorfastness characteristics of the treated samples remained the same, and no negative impact was observed.