The reactions of [Cp2Ti(η2‐Me3SiC2SiMe3)] (1; Cp = η5‐cyclopentadienyl) with 1,4‐bis(diphenylphosphanyl)but‐2‐yne (2) have been investigated and found to yield a mixture of products. From these, through the coupling of 2, the tetrasubstituted titanacyclopentadiene [Cp2Ti(CCH2PPh2)4] (3) was isolated. In addition, small amounts of very unusual complexes were obtained and characterized. In one case, the substrate 2 isomerized to the allene Ph2PC(H)=C=C(H)CH2PPh2, which formed the complex [Cp2Ti{η3‐Ph2PC(H)=C=C(H)CH2PPh2}] (4) through the coordination of a double bond and one of the phosphorus atoms. Another complex, [Cp2Ti{‐C(CH2PPh2)=C(CH2PPh2)P(Ph2)H‐}] (5), was identified to be the result of a formal hydrophosphorylation of the substrate 2 by HPPh2, and features a Ti–H–P bridge. It is not clear how HPPh2 was formed. One possible explanation is the dehydrophosphorylation of the substrate with the formation of HPPh2 and the butatriene H2C=C=C=C(H)PPh2 [tautomer of the but‐2‐en‐3‐yne HC≡C‐CH=C(H)PPh2]. The molecular structures of complexes 4 and 5 were determined by X‐ray analysis.