This research offers fresh insights into the growth mechanism of cobalt nanoparticles in oleylamine from a precursor with nominal stoichiometry CoCl(PPh 3 ) 3 , prompting a reevaluation of the model delineated in ″The f ive Shades of Oleylamine″ by Moisset et al. (Nanoscale 2021, 13, 11289−11297) that explicated the cobalt sphere-to-rod morphological transition. While the crucial role of oleylamine is reconfirmed, X-ray photoelectron spectroscopy (XPS) discloses the significant involvement of the organophosphorus ligand of the Co(I) precursor. By scrutinizing aliquots from a tetradecane:oleylamine solution, XPS substantiates the disproportionation of Co(I) into Co(II) and Co°during the sphere growth stage in line with the tenets of Five Shades. Pure Co spheres are formed, with phosphorus-containing species disappearing from the XPS probed layers. However, further inspection of washed nanoparticles corroborates the formation of Co−P bonds, with the Co/P atomic ratio nearing 2 for the nanorods. In response to these findings, previously published data and electron diffraction patterns of the nanorods structure are reassessed, conclusively demonstrating that the nanorods are composed of Co 2 P, contrary to earlier assumptions of pure cobalt content. This leads to a revised depiction of the sphere-to-rod transition, placing emphasis on the role of organophosphorus ligands (triphenylphosphine and, possibly, its oxidation products) that were previously overlooked.