Bandgap engineering is controlled manipulation of the bandgap of the material/meta-materials to get desired properties. The electrical and optical properties of materials are significantly affected by bandgap tuning; therefore bandgap engineering is a powerful technique for designing electronic and optoelectronic devices. Compositional engineering, strain engineering and nano-science and technology are the three major associated field with bandgap engineering. Any unique combination of these engineering can provide novel strategy to produce novel band structured devices. In this method article, we have demonstrated how solvation energy can alter the band gap energy; the fact which is generally ignored due to misconception about quantum/size confinement. Here we prepare nanostructured transition metal oxides (Co_{3}O_{4}, CuO, and ZnO) with polyethylene glycol (PEG) and the method is termed as PEGylation. We investigated influence of PEGylation on structural, electrochemical and electronic nature of these oxides. It is observed that bandgap tunability (7.33%) is maximum for ZnO. Our study suggests that band alteration is significantly correlated with the change in lattice parameters however it is orientation dependent as correlation co-efficient reduces to 0.85 from 1 for the change in lattice parameter b along y-axis as compared to other two lattice parameters. Similarly, band alteration is also known to have some corelation with electrochemical potentials, but surprisingly almost independent to size confinement.