A series of novel diaroylhydrazone aluminum complexes have been synthesized and well‐defined structurally, and their catalytic performance in the polymerization of ε‐caprolactone and lactides have also been evaluated. Complexes [(L1–4)2AlMe] (1–4) {[L1 = (3,5‐tBu2–2‐OMe‐C6H2)CH=NNCOC6H5], [L2 = (3,5‐tBu2–2‐OMe‐C6H2)CH=NNCO(C6H4–4‐OCH3)], [L3 = (3,5‐tBu2–2‐OMe‐C6H2)CH=NNCO(C6H4–4‐Br)] and [L4 = (2‐OMe‐C6H4)CH=NNCO(C6H4–4‐tBu)]} were prepared through treatment of AlMe3 with the corresponding proligands L1–4H in molar ratios of 1: 1 or 1: 2. Chemical structures of all the complexes were well‐defined by elemental analysis, NMR spectra as well as single‐crystal X‐ray study. Complexes [(L1–4)2AlMe] (1–4) in this work represent the first examples of aluminum complexes of aroylhydrazone ligands with crystallographic characterization. Specifically, they are all in monomeric form with a penta‐coordinated aluminum center, including two approximately co‐planar five‐membered metallacycles with aluminum. Introduced bulky tert‐butyl substituents in aroylhydrazone ligands could affect the geometry around the central metal which is a distorted square‐based pyramid in complexes 1–3 while being a trigonal bipyramidal in complex 4, thus affecting their catalytic behaviors. The complexes can successfully catalyze the ring‐opening polymerization of ε‐caprolactone and L‐lactide under mild conditions without any activator. In addition, complexes 1–4 could also polymerize rac‐lactide, affording atactic polylactides with high conversions and good controllability in relatively short reaction time.