The reaction of ketenes 1a or 1b with diene 2 in the presence of trifluoromethanesulfonic acid providing the cycloheptadienones 5a and 5b constitutes the first example of an acid‐induced ketene/diene «cycloaddition». The thermal [2 + 2] cycloadducts, bicyclo[3.2.0]hept‐2‐en‐6‐ones 9, are not intermediates in the acid‐catalyzed reaction since they rearrange under acidic conditions to the tetralinone derivatives 10. The acid‐catalyzed «cycloaddition» was mechanistically investigated and the scope of the reaction explored.