A fishing net retraction system for efficiently retracting a receiving net during non-use to avoid entanglement while allowing expansion of the receiving net upon receiving a fish. The fishing net retraction system includes a base attachable to a handle of a fishing net, a first connector attached to the base, a connecting device attachable to a receiving net of the fishing net, and a second connector attached to the connecting device, wherein said second connector is removably attachable to the first connector. The first connector and the second connector are preferably comprised of magnets that are attracted to one another while allowing separation upon receiving a fish within the receiving net.