An apparatus and a method for Peer-to-Peer (P2P) connection using a wireless Local Area Network (LAN) in a mobile communication terminal are provided. The method includes detecting a P2P connection attempt of a new terminal not connected to P2P communication, during P2P communication with at least one terminal, determining whether the mobile communication terminal operates as a slave terminal or a group owner in the P2P connection, and when the mobile communication terminal operates as the slave terminal, transmitting a signal indicating that the P2P connection attempt of the new terminal is detected, to a terminal operating as the group owner in the P2P connection.