A central question since the beginning of quantum information science is how two distant parties can convert one entangled state into another. It has been conjectured that such conversions could be executed reversibly in an asymptotic regime, mirroring the reversible nature of Carnot cycles in classical thermodynamics. While a conclusive proof of this conjecture has been missing so far, earlier studies have excluded reversible entanglement manipulation in various settings. In this work, we show that arbitrary mixed state entanglement transformations can be made reversible under local operations and classical communication, when assisted by an entanglement battery--an auxiliary quantum system that stores and supplies entanglement in a way that ensures no net entanglement is lost. In particular, the rate of transformation in the asymptotic limit can be quantitatively expressed as a ratio of entanglement present within the quantum states involved. Our setting allows to consider different entanglement quantifiers which give rise to unique principles governing state transformations, effectively constituting diverse manifestations of a ``second law'' of entanglement manipulation. These findings resolve a long-standing open question on the reversible manipulation of entangled states and are also applicable to multipartite entanglement and other quantum resource theories, including quantum thermodynamics.

accepted version in PRL; 6+10 pages, 2 figures; changes from v1: rewritten introduction, added appendix on batteries constrained with multiple measures