Indigo‐metal complexes, which have now been obtained for the first time in soluble, crystalline form, could be useful as energy transfer agents or catalysts. Two palladium(II) complexes with indigo as mono‐chelate ligand (cf. 1) or octahydroindigo as bischelate ligand have been characterized by X‐ray structure analyses. Intra‐ and intermolecular NH…︁O bridges of the free indigo are absent in complex 1.