Google has just released a new tool called the Disavow Link Tool which allows you to tell Google which links to your website you would like to ignore.
Official video from Google:
What does this tool do?

Basically this tool allows you to ignore certain URL’s when it comes to the consideration of your websites rank on Google. Spammy links gained from link farms, forum/blog spamming and blackhat internet marketing may contribute to the amount of ‘harmful’ links pointing to your website. Google updates such as the Google Penguin update has seen websites with these incoming backlinks demoted to lower ranks in the eyes of Google, and perhaps other search engines.
This tool allows you to alert Google of links you do not want to count as part of your website assessment.
Should I use the tool?
Normal users will not need to use this tool in regular circumstances. This tool is developed for those who have identified ‘spam’ links pointing to their website. Google emails webmasters, registered for the webmaster tools program, about their websites which are being considered for demotion due to bad links. These are typically the users that will ultimately end up using
What are Bad/Spam Links?
According to Google, the following are general guidelines to identifying harmful links:
- Low quality article directories
- Low quality directories
- Paid Links
- Automated link exchanges
- Fake Profiles
- Blog comment Spam
- Footer Link Spam
- Artificial Blogrolls
- Blog Networks
- And the list goes on and on.
What now?
Before making any decisions, be sure to do some further researching to ensure that using the Disavow Link Tool is the correct tool to use for you.
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Hello,
google disavow tool is working fine for me I have done for my site it is removed my spam back links,
one of online site is generating spam links for http://www.mywebsite.com so I have remove those links using google disavow
Now I would like to dealing with same company they told me that they will give back links in proper way
So I would like to recover the same links is there any tool to recover links which I disavow
Thank you