Disclosed is a frequency dividing circuit, a frequency dividing method and a phase locked loop. The frequency dividing circuit comprises: a clock selection unit outputting a first clock signal, select a second clock signal lagging behind the first clock signal by (½-1/M) of one phase; an integer frequency dividing unit performing frequency division on the first clock signal to provide a frequency-divided clock signal; a trigger unit triggering the frequency-divided clock signal according to the second clock signal to obtain a modulation clock signal; a switching signal unit providing a switching signal according to the modulation clock signal and a preset target output frequency. The clock selection unit selects and further outputs a third clock signal as the first clock signal according to the target phase selection information, to adjust the frequency of the frequency-divided clock signal, reduce noise and improve loop bandwidth of the phase locked loop.