Intelligent magneto-responsive structures are widely used due to their fast response speed and noncontact control. In this study, the peeling behavior of a slender magneto-responsive sheet under the magnetic field's action is investigated experimentally and theoretically. Firstly, two identical magneto-responsive sheets, with the liquid film adhesion and the absence of the liquid film respectively, are analyzed under the control of a cylindrical magnet. In addition, the peeling process is abstracted via the classical elastica model, and the expression of the potential energy functional is established. The approximate solutions of the deflection and the adhesion length of the magneto-responsive sheets during the peeling process are obtained based on the Rayleigh–Ritz method. The effects of the magnetic field generated by cylindrical magnets and the work of adhesion on the maximum deflection and adhesion length of magneto-responsive sheets are further predicted. The theoretically approximate solution agrees very well with the experimental data. These findings can provide new implications in a wide range of industrial areas, such as medical microsensors and intelligent structures for drug delivery.