The present disclosure provides an adjustable pipeline valve for changing and/or switching the discharge water flow path. The pipeline valve includes: a valve body; an inlet in communication with the valve body; and at least one outlet in communication with the valve body. The pipeline valve further includes: a water stopping member located within a chamber of the valve body and preventing direct communication between the inlet and the at least one outlet; a plugging assembly located in at least one receiving hole in a part of the valve body, the at least one receiving hole being in one-to-one correspondence with at least one water passing hole in the water stopping member; and a switching assembly