Immobilization of Pd(II) nanoparticles on silica‐coated modified magnetite particles has been readily achieved via a surface modification of Fe3O4 particles with 4‐amino‐5‐methyl‐4‐H‐1,2,4‐triazole‐3‐thiol (4‐AMTT) as a ligand. This magnetite nanocatalyst was characterized by various analyses such as FT‐IR, SEM/EDX, ICP‐AES, VSM, TEM, XRD, XPS and TGA. This nanocatalyst showed admirable catalytic activity for Suzuki‐Miyaura and Mizoroki‐Heck cross‐coupling reactions under mild conditions in water, and could be simply separated by an outer magnet and reused for several times.