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This paper investigates the decode-and-forward (DF) full-duplex (FD) cooperative relaying system with SWIPT. Specifically, the relay node can harvest energy from the source’s RF signal, and then the harvested energy is used for transferring information to the destination. Besides, we consider both direct and two-hop relaying links to transmit data from the source to the destination. In the performance analysis, we derive the exact expressions for outage probability (OP) by applying the receiver’s selection combining (SC) technique. Then, the Monte Carlo simulation is performed to verify the correctness of the mathematical analysis. Finally, the simulations show that the mathematic expressions match simulation results, which authenticates the mathematical analysis.