“…As a continuing interest in understanding the donor strength dependent stabilization and reactivity of various Ni oxidation states (0, +1, +2 and +3) in an NS donor environment, herein, we report first the Ni‐mediated reversible thiolate/disulfide transformation. This study offers Ni II complexes, [(L S‐S )Ni(Cl)](ClO 4 ) ( 1 Cl ), [(L S‐S )Ni (Solvent)](ClO 4 ) 2 ( 1 Solv ), [Ni(L S ) 2 Ni(L S‐S) )](ClO 4 ) 2 ⋅0.5 Et 2 O ⋅1.5 H 2 O ( 2 ) and [Ni(L S ) 2 Ni(L S )](ClO 4 )⋅CH 3 CO 2 Et ( 3 ), derived from a tridentate N 2 S thiol donor ligand, HL S and its disulfide analogue, L S‐S (Scheme a).…”