Chronic lateral ankle instability remains a challenging issue if loss of local tissues prevents direct repair. Despite the fact that results of nonanatomic reconstruction and tenodesis procedures have been documented to be inferior compared to anatomic reconstructions with free tendon grafts, these nonanatomic methods, which often sacrifice critical tendons, are still frequently used. In this article, an anatomic procedure for reconstruction of the anterior talofibular and calcaneofibular ligaments with a free plantaris tendon graft is described. The technique is thought to respect the precise anatomic course of the lateral ankle ligaments and therefore reconstructs the kinematics and biomechanics of the ankle and subtalar joints. In addition, an easy and reproductive procedure to harvest at least 20 to 30 cm of plantaris tendon over a 2-cm single incision at the medial calf is presented. Moreover, our own results are discussed with the literature findings.