The reaction of the azaphospholes 5‐methyl‐2‐phenyl‐1,2,3‐diazaphospole (PDAP) and 2‐methyl‐2‐phenyl‐1,2,4,3‐triazaphospole (PTAP) with the dimers [LMCl2]2 (LM = η6‐C6Me6Ru, η5‐C5Me5Ir) of ruthenium(II) and iridium(III) only occurs in presence of nucleophiles such as EtOH or H2O leading to their metal‐coordination after cleavage of the dimers. [(η6‐C6Me6)RuCl2]2 reacts with PDAP and EtOH in the molar ratio 0.5:1:1 to give the phosphorus‐coordinated complex (η6‐C6Me6)RuCl2(P‐PDAP·EtOH) (1). In the case of [(η5‐C5Me5)IrCl2]2, the triazaphosphole PTAP was used in the presence of EtOH or H2O yielding the analogous products (η5‐C5Me5)IrCl2(P‐PTAP·EtOH) (2) or (η5‐C5Me5)IrCl2(P‐PTAP·H2O) (3). In 1–3, the former aromatic azaphosphole (σ2,λ3‐P) has been converted by 1,2 addition of EtOH or H2O to their P=C or P=N double bond with the nucleophiles EtO– and OH– bonded to phosphorus (σ3,λ3‐P). Complexes 1–3 with a piano‐stool configuration were characterized by elemental analysis, 31P NMR spectroscopy and single‐crystal X‐ray diffraction.