Solar cells based on emerging organic-inorganic hybrid perovskite materials have reached certified power conversion efficiency as high as 25.5%, showing great potential in the next generation of photovoltaics toward large-scale industrialization. The most competitive feature of perovskite solar cells (PSCs) is that the perovskite light absorber can be fabricated by a low-cost solution method. For the solution method, the characteristics of the solvent play a key role in determining the crystallization kinetics, growth orientation, and optoelectronic properties of the perovskite film. Although significant progress has been made in the field of solvent engineering in PSCs, it is still challenging for the solution method to sustainably produce industrial-scale PSCs for future commercialization applications. Herein, the advanced progress of solvent engineering of precursor solution in terms of coordination regulation and toxicity reduction is highlighted. The physical and chemical characteristics of different solvents in reducing the toxicity of the solvent system, regulating the coordination property of the precursor solution, controlling the film-forming process of the perovskite film, and adjusting the photovoltaic performance of the PSC are systematically discussed. Lastly, important perspectives on solvent engineering of the perovskite precursor solution toward future industrial production of high-performance PSCs are provided.