A new type of EVA-g-PU/OMMT nanocomposites was synthesized through the method of chemical modification and melt intercalation. FTIR testing showed that the PU prepolymer was grafted on EVA main chains successfully. The structures of EVA-g-PU/OMMT nanocomposites were characterized by X-ray diffraction (XRD) and by high-resolution transmission electron microscopy (HRTEM). The enhanced storage modulus of EVA-g-PU/OMMT nanocomposites was characterized by dynamic mechanical analysis (DMA). The thermal stabilities of EVA/clay nanocomposites were also studied by thermal gravimetric analysis (TGA). Mechanical testing showed that the tensile strength and tear strength of EVA-g-PU/OMMT nanocomposites were far superior to pure EVA.