All of the above-there are three ways to thaw your turkey safely in the refrigerator, in cold water, or in the microwave oven. in cold water,allow approximately 30 minutes per pound. in the refrigerator (40 â°f or below), allow approximately 24 hours for every 4 to 5 pounds. in the microwave oven, check your owners manual for the size turkey that will fit in your microwave oven, the minutes per pound, and power level to use for thawing. remember to remove all outside wrapping. place on a microwave-safe dish to catch any juices that may leak. cook your turkey immediately. do not refreeze or refrigerate your turkey after thawing in the microwave oven.