An arthroscopic method of glenoid resurfacing with a meniscal allograft. The glenohumeral joint is debrided and holes are formed around the anterior and posterior perimeter of the glenoid rim. A meniscal allograft is prepared by removing it from its bone block and then bringing together its two horns to form a ring. Subsequent to the formation of the graft ring, a series of loops are installed along the edge of the graft. The loops correspond to the holes on the glenoid surface. Once the graft has been successfully placed on the glenoid, the loops are positioned in close proximity to the pre-drilled holes. Fixation devices such as anchors may be installed over the loops, to attach the perimeter of the graft to the glenoid through the pre-drilled holes.