The game was released for the Nintendo 3DS on November 5, 2015 in Japan and in October 2016 in North America, Europe, and Australia.

Compared to its predecessor, the game added new features, costumes, worlds, and more characters.

A remastered version for the Nintendo Switch console, titled Disney Magical World 2: Enchanted Edition, was released on December 3, 2021.

The game adds new characters from Mickey Mouse and Friends, The Three Little Pigs, Snow White and the Seven Dwarfs, Pinocchio, Fantasia, The Three Caballeros, Cinderella, Alice in Wonderland, Peter Pan, Sleeping Beauty, The Aristocats, Winnie the Pooh, The Little Mermaid, Beauty and the Beast, Aladdin, The Nightmare Before Christmas, Hercules, Lilo & Stitch, Pirates of the Caribbean, Tangled, Wreck-It Ralph and Frozen.

A new 3DS bundle was also revealed, containing the game itself and a specially designed 3DS featuring Mickey Mouse.