Quenching is an important part of the production chain of steel components. The final properties of the product are largely determined during this stage, and this renders quenching as one of the most critical stages of production, requiring design and optimization specific to the product. The simulation of quenching requires the solution of a multi-scale/multi-physics problem with complex boundary conditions because of the simultaneously occurring heat transfer, phase transformation, and mechanical interactions. The aim of this paper is to provide an updated review of research studies on the simulation of quenching. The subject is covered from the pioneering work up to very recent advances in the field, with special emphasis on future research needs for improving the industrial usage of heat treatment simulations.