The reaction of the ketophosphanes Ph2PCH2C(=O)tBu (1), Ph2PCMe2C(=O)iPr (1′), or Ph2PCMe2CH2C(=O)Me (1′′) with a precursor complex RuCl2(L)(η6‐p‐cymene) [L = PMe3 (a), PMePh2 (b), PiPrPh2 (c), PPh3 (d), P(OMe)Ph2 (e), P(OMe)3 (f)] in methanol and under carbon monoxide, provides an access to a novel family of complexes (ttt)‐RuCl2(CO)(L)[η2‐(P,O)‐ketophosphane] (2a−e, 2′a,e,f, and 2′′a) with trans‐chlorine and trans‐phosphorus atoms. Further reaction with carbon monoxide or acetonitrile under thermal activation yields the cis,cis,trans derivatives (cct)‐RuCl2(CO)2(L)[η1‐(P)‐ketophosphane] 4a,b and 4′a, and (cct)‐RuCl2(CO)(MeCN)(L)[η1‐(P)‐ketophosphane] 5a,b,d. Complexes 2a,b and 2′a rearrange under thermal activation, or after exposure to sunlight, into the (ctc and ccc)‐RuCl2(CO)(L)[η2‐(P,O)‐ketophosphane] isomers, with cis‐chlorine and cis‐phosphorus atoms, 6a,b and 6′a, respectively. Complexes 6a,b reversibly add one molecule of carbon monoxide when forming the all‐cis derivatives (ccc)‐RuCl2(CO)2(L)[η1‐(P)‐ketophosphane] 7a,b, respectively. The removal of one chloride ligand in complexes 4a, 4′a, or 5a with silver tetrafluoroborate affords the stable cationic derivatives {RuCl(CO)(L′)(PMe3)[η2‐(P,O)‐ketophosphane]}[BF4], 8a and 8′a (L′ = CO) and 9a (L′ = MeCN), respectively. Mild basic conditions are sufficient to allow the synthesis of the enolatophosphane derivatives (ttt)‐RuCl(CO)2(L)[η2‐(P,O)‐Ph2PCH=C(tBu)O], 10a,c,e, and of the analogous (ccc) and (cct) isomers, 11a,b and 12a, respectively.