The use of monophos as a ligand in the palladium‐catalyzed Suzuki diarylation of 2,2′‐diiodo‐1,1′‐binaphthyl under optimized conditions followed a stereoconservative course. However, some chiral P ligands were found to be capable of inducing stereogenic information during this coupling, regardless of the configuration of the starting diiodide. Among those ligands tested in the deracemization approach, binap exhibited the highest level of asymmetric induction, yielding diarylated product in 83 % ee starting from racemic diiodide. (© Wiley‐VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2009)