The presented research reports a successful preparation of a super toughened poly(lactic acid)/poly(ethylene vinyl acetate) (PLA/EVA) blend using simultaneous dicumyl peroxide (DCP)‐induced dynamic vulcanization and addition of hydrophobic spherical silica nanoparticles (NPs). The torque evolution during melt mixing of the samples was assessed to track the dynamic vulcanization process. NPs were localized mainly in the EVA droplets and at the interface where a layer of particles was formed with a small amount dispersed in the PLA matrix. The incorporation of NPs or DCP induced compatibilization, causing a drastic decline in the size of EVA droplets in addition to improving the interfacial adhesion. On the other hand, simultaneous dynamic vulcanization and NPs incorporation synergistically affected the compatibilization of EVA and PLA phases. Differential scanning calorimetry (DSC) was employed to analyze the thermal transition and crystallization behavior of the samples. Simultaneous incorporation of silica nanoparticles and DCP at an optimum content significantly improved the tensile toughness, elongation at break, and impact strength, giving rise to super toughened PLA/EVA blend. The elongation at break and impact strength of the dynamically vulcanized PLA/EVA blend containing 5% nanosilica showed an increase from 7% to 175% and 5.1 to more than 77 kJ/m2, respectively as compared to the neat sample. Based on SEM analysis of the fractured surface of the tensile samples, cavitation in combination with intensive shear yielding of the matrix were dominating toughening mechanisms. Finally, the effect of DCP and NPs on the microstructural properties of the sample was investigated through rheological evaluations.