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Disclosed are catalyst preparation olefin polymerization processes with the recycling of a co-catalyst. According to the olefin polymerization process activated single-site catalysts are prepared by contacting supported single-site pre-catalyst with an organic solvent containing co-catalyst. The activated single-site catalysts are separated from co-catalysts dissolved in an organic solvent and the olefin polymerization is conducted using the separated single-site catalysts with one or more olefinic monomers. The separated co-catalysts is reused by recycling the organic solvent containing the separated co-catalysts and contacting them with the supported single-site pre-catalysts. The olefin polymerization process of the present invention enables recycling expensive co-catalyst for subsequent olefin polymerization and accordingly the total amount of co-catalyst required can be significantly reduced.