Initially, SARS-CoV-2 caused viral pneumonia; however, subsequent experience has shown that it manifests throughout the body, resulting in pathologies of the immune, renal, cardiac, and nervous systems. However, accumulating studies have reported its deleterious effects on lungs. With the better understanding of the chronic and subacute consequences of COVID-19, it is necessary to focus research efforts on finding therapies to reduce acute damage in a targeted manner while restoring physiological function and addressing the long-term consequences of this disease. Recent studies have demonstrated that mesenchymal stem cells may help to restore the lung microenvironment by preserving the alveolar epithelial cells and preventing the lung fibrosis which gives the hope that mesenchymal stem cells therapy could be the main strategy for reducing the recent pandemic. Hence, here we attempted to provide a brief overview of previously reported research work on stem cell therapy for the treatment of pulmonary fibrosis caused by SARS-COV-19.