New hydrophilic networks combining poly(ethylene glycol) (PEG) and β‐cyclodextrin (β‐CD) have been prepared. Both components are linked by reacting PEG chains previously end‐capped with isocyanate groups and β‐CD, forming urethane links. Networks of molar compositions (β‐CD/PEG) ranging from 1/4 to 1/14, and with four different molar masses (400, 600, 900, and 1 350 g · mol−1) of the end‐capped PEG precursor have been synthesized. The networks have good thermal stability and low glass transition temperatures. Crystallinity has only been detected for the two higher molar mass PEG precursors. The swelling properties of these hydrogels depend on the chain lengths of the PEG precursor and also on the temperatures.