霍元甲（李连杰 饰）年少时以稚嫩的霍家拳打败向他挑衅的小恶霸后习武信心大增，凭着对武术的悟性及热情，他的武艺根基日益深厚，成为天津赫赫有名的武师，可是其性情也渐变得浮躁傲慢，越来越好勇斗狠。得知徒弟被天津另一高手秦爷重创后，霍元甲不问原由闯入秦爷的寿宴，威逼其当场签生死状 与他比武，虽然最后他取得了胜利，但却因此赔上了他一生最爱的母亲及女儿的性命。大错铸成后，痛不欲生的霍元甲神志昏乱远走他方。后得某偏远村落的村民孙婆婆及其失明孙女月慈（孙俪 饰）的悉心照料，霍元甲复原了精神气，并开始领悟武学的真谛。
Plot Summary:Martial arts legend Huo Yuanjia became the most famous fighter in all of China at the turn of the 20th Century. Huo faced personal tragedy but ultimately fought his way out of darkness and into history, defining the true spirit of martial arts. His self-discovery, and the choices he made, inspired his nation. The son of a great fighter who did not wish for his child to follow in his footsteps, the bullied Huo Yuanjia resolves to teach himself how to fight - and win. Years of training enable him to ace match after match in his home region of Tianjin. But as his fame as a martial arts master grows, so does his pride. After an ill-advised fight leads to another master's death, members of Huo's family are slain in revenge. Grieving and ashamed, Huo wanders the country in shock. Near death, he is rescued by women from an idyllic village, and is offered simple kindness and generosity that help him heal and regain his equilibrium over a period of several years. Huo realizes that the future of martial arts lies in sportsmanship and not brutality, and he rejoins society to apply what he has learned. Returning to Tianjin, Huo takes steps to come to terms with his past and restore his family's name. His evolving, graceful Mizong (Missing) Fist method of fighting brings Huo renewed success, and he forms the progressive Jingwu Sports Federation. Taking note, duplicitous members of the Foreign Chamber of Commerce engineer a Shanghai tournament pitting Huo against four fighters, each representing the major foreign powers in China. Huo commits to the bout and faces off against, respectively, a British boxer, a Spanish swordsman, a Belgian soldier, and a Japanese martial artist. What happened that day in 1910 has never been, and will never be, forgotten in China.
