Molecular probes are often used to describe local interactions and to characterize inhomogeneities in complex systems. In this study, two series of monomolecular probes (paramagnetic or fluorescent) and a series of dual molecular probes are used to evaluate local changes and the regions targeted by these probes in three pluronic F127 systems, in the absence and in the presence of 2‐hydroxypropyl‐β‐cyclodextrin, which have been previously characterized. All molecular probes used in this study have as a common structural unit the short oligoethylene chains that link (2,2,6,6‐Tetramethylpiperidin‐1‐yl)oxyl (TEMPO) and/or pyrene moieties. Using these probes, changes in hydrophobicity inside the pluronic micelles are evidenced and the micelle‐to‐gel phase transition is characterized.