At least some embodiments of invention provide a method, device and system for link management in a Virtual Machine (VM) environment. The method includes: a heartbeat handshake link is established with a VM. After the heartbeat handshake link is successfully established, Link Aggregation Control Protocol (LACP) state information of a Physical Function (PF) of a plurality of a Network Interface Cards (NICs) is acquired. The LACP state information is sent to the VM through the heartbeat handshake link.