Turbine blades and nozzle guide vanes (NGVs) are operated at extreme temperatures in order to maximise thermal efficiency and power output of an engine. In this paper the suitability of existing temperature monitoring systems for turbine blades and nozzle guide vanes are reviewed. Both offline and online methods are presented and their advantages and disadvantages are examined. The use of offline systems is well established but their online equivalents are difficult to implement because of the limited access to components. There is the need for an improved sensor that is capable of measuring temperature in real time with minimum interference to the operating conditions of the engine, allowing operating temperatures to be increased to the limits of the components and maximising efficiency. Acoustic monitoring techniques are already used for a large number of structural health monitoring applications and have the potential to be adapted for use in temperature monitoring for turbine blades and NGVs. High temperatures severely affect the response of ultrasonic transducers. However, waveguides and buffer rods can be used to distance transducers from extreme conditions, while piezoelectric materials such as Yttrium Calcium Oxyborate single crystals and Aluminum Nitride have been developed for use at high temperatures. A new monitoring approach based on ultrasonic guided waves is introduced in this paper. The geometry of turbine blades and NGVs allows Lamb waves to propagate through their structure, and the presence of numerous cooling holes will produce acoustic reflections that can be utilised for monitoring temperature at a number of locations. The dispersive nature of Lamb waves makes their analysis difficult; however, wave velocity in dispersive regions is particularly sensitive to changes in temperature and could be utilised for monitoring purposes. The proposed method has the potential to provide high resolution and accuracy, fast response times, and the ability to place sensors outside of the gas path. Further research is required to develop a monitoring system based on the use of guided waves in extreme environments.