We report the design and synthesis of eight photoswitchable phenylazopyridine‐ and phenylazopyrazole‐based molecular systems as light‐controllable chelation‐type ligands. Besides the studies on fundamental photoisomerization behaviour, the ligands were also screened for light‐tuneable properties such as photochromism, phase transition, and solubility especially in the aqueous medium. This investigation demonstrates how the modulation of aqueous solubility can be achieved through photoisomerization and can further be utilized toward controlling the amount of catalytically active Cu(I) species in the homogeneous aqueous conditions. Through this approach, light control over the catalytic activity was achieved for Cu‐catalyzed azide‐alkyne cycloaddition (CuAAC) reactions, along with a partial recovery of the catalytically active species.