•A new warm-mix recycling agent was developed using uniform design method.•WR improves low-temperature property and fatigue resistance of reclaimed asphalt.•WR remarkably reduces construction temperatures of reclaimed asphalt.•Compared with commercial rejuvenators, WR exhibits better economical benefit. Warm-mix recycling asphalt mixture has remarkable environmental and economic benefits. In this study, a new warm-mix recycling agent (WR) was developed by using base oil (80%), surfactant (9.5%), plasticizer (8.0%) and antiaging agent (2.5%) based on uniform design method. Experimental tests including penetration, softening point, ductility, elastic recovery, dynamic shear rheometer (DSR), multiple stress creep recovery (MSCR), bending beam rheometer (BBR), linear amplitude sweep (LAS), rotational viscosity as well as Fourier transform infrared spectroscopy (FTIR) test were conducted to evaluate the properties of aged binders incorporating the WR and other two commercial rejuvenators, i.e. an emulsified rejuvenator (ER) and a resinous rejuvenator (RR). Additionally, the workability and cost of reclaimed asphalt binders were analyzed. Results indicate that the WR is able to rejuvenate conventional physical properties of aged asphalt. Reclaimed asphalt containing WR shows the best low-temperature performance and longest fatigue life than that containing other two commercial rejuvenators. With regard to high-temperature performance, reclaimed asphalt incorporating WR compares favorably with that incorporating ER. The results from FTIR test demonstrated that physical interaction dominated the rejuvenation of aged asphalt after adding the WR. WR can significantly replenish the volatiles in aged asphalt, and restore its components’ proportion that resembles the virgin asphalt. In comparison with ER and RR, WR exhibits a lower increased cost and the excellent capability of reducing mixing and compaction temperature.