Substructure and structure formation as well as functional properties of thermomechanically treated Ti-Ni wire have been studied using differential scanning calorimetry, X-ray diffraction, transmission electron microscopy and mechanical. The low- temperature themomechanical treatment (LTMT) was carried out by rolling at room temperature in a true strain range e = 0.3 to 1.9. It was shown that severe plastic deformation (e=1.9) of Ti-50.0at.%Ni alloy results in partial amorphization and formation of nanocrystalline austenite structure during post-deformation annealings up to 400 degrees C. As a result, the fully recoverable strain and recovery stress become much higher than the values reachable after traditional LTMT (e=0.3 to 0.88) with post-deformation annealing which creates a poligonized dislocation substructure.