In this study, thermal sensitive microgels functionalized with carboxyl groups were synthesized directly from hydroxypropyl cellulose (HPC) and acrylic acid (AA) without using any organic solvent. Furthermore, covalently bonded hybrid microgels with novel thermosensitivity in terms of size and fluorescence were fabricated from these HPC-PAA microgels and cysteamine-capped CdTe quantum dots (QDs). The composition of the hybrid microgels were characterized by thermal thermogravimetric analysis (TGA) and coulometric titration. It was verified that the weight percent of CdTe QDs was ca. 40%, and the percent of poly(acrylic acid) varied between 9.0% and 13.6%. Through a systematic study, it wits found that both the size and the fluorescent intensity of the microgels decreased as the temperature increased from below the lower critical solution temperature (LCST) to above the LCST of the HPC. Different from most reported cases, it was found that the thermal sensitive alteration of the current hybrid microgels' size and fluorescent intensity are reversible. The novel fluorescent properties are deduced to be related to the structural characteristics of the microgels, i.e., the QDs are covalently bonded to the microgels and the dispersion of QDs in the microgels is spatially homogeneous. As it consequence of this special structure, the refractive indexes of the microgels were changed and the surface defects of the QDs were reduced, and therefore affected the fluorescent properties of the resulting hybrid microgels.