Electronic transport in organic semiconductors is mediated by localized polarons. However, the dynamics on how delocalized electrons collapse into polarons through electron-nuclear interaction is not well-known. In this work, we use time and angle resolved photoemission spectroscopy (TR-ARPES) to study polaron formation in titanyl phthalocyanine deposited on Au(111) surfaces. Electrons are optically excited from the metal to the organic layer via the image potential state, which evolves from a dispersive to a non-dispersive state after photoexcitation. The spatial size of the electrons is determined from the band-structure using a tight-binding model. It is observed that the two-dimensional electron wave collapses into a wave packet of size ~ 3 nm within 100 fs after photoexcitation.