Nonlinear magnetization dynamics excited by spin-transfer effect with feedback current is studied both numerically and analytically. The numerical simulation of the Landau-Lifshitz-Gilbert equation indicates the positive Lyapunov exponent for a certain range of the feedback rate, which identifies the existence of chaos in a nanostructured ferromagnet. Transient behavior from chaotic to steady oscillation is also observed in another range of the feedback parameter. An analytical theory is also developed, which indicates the appearance of multiple attractors in a phase space due to the feedback current. An instantaneous imbalance between the spin-transfer torque and damping torque causes a transition between the attractors, and results in the complex dynamics.