This work aims to evaluate the potential of using textile waste in smart textile applications in the form of a hybrid fibre with electrical properties. The bio-based electrically conductive fibres were fabricated from waste wool and polyacrylonitrile (PAN) via wet spinning with different wool content. The control PAN and hybrid fibre produced with the highest amount of wool content (25% w/v) were coated with graphene oxide (GO) using the "brushing and drying" technique. The GO nanosheets coated control PAN and wool/PAN hybrid fibres were chemically reduced through hydrazine vapour exposure. The Fourier transform infrared spectroscopy showed the presence of both protein and nitrile peaks in the wool/PAN hybrid fibres, although the amide I and amide A groups had disappeared, due to the dissolution of wool. The morphological and structural analysis revealed effective coating and reduction of the fibres through GO nanosheets and hydrazine, respectively. The hybrid fibre showed higher electrical conductivity (~ 180 S/cm) compared to the control PAN fibres (~ 95 S/cm), confirming an effective bonding between the hydroxyl and carboxylic groups of the GO sheets and the amino groups of wool evidenced by chemical analysis. Hence, the graphene oxide incorporated wool/PAN hybrid fibres may provide a promising solution for eco-friendly smart textile applications.