Polarization manipulation is essential in photonic integrated circuits and has numerous applications in various fields, such as optical communication, nonlinear optics, and quantum optics. Advances in nanofabrication have enabled the integration of subwavelength‐structured metamaterials on optical waveguides, providing unprecedented optical manipulation capabilities beyond classical waveguide‐based architectures. In this paper, the polarization space is demonstrated to be fully manipulated by a dielectric metamaterial composed of nanoholes and nanoslots. This approach offers competitive performances for key polarization components, including the polarizer, polarization beam splitter, and polarization‐splitter‐rotator, while maintaining ultra‐compact coupling regions of 18×1 µm2, 16×1.1 µm2, and 13×1 µm2 respectively. The devices are designed by manipulating the phase and amplitude of all possible eigenmodes supported in the waveguide, which is inherently scalable and versatile for on‐chip mode and wavefront manipulation. The unique properties of metamaterials provide powerful tools for on‐chip polarization manipulation and offer new possibilities for the development of compact and high‐performance photonic integrated circuits.