In the presence of a catalytic amount of cobalt(II) acetylacetonate/Xantphos in combination with trimethylaluminum, various ketoalkenes underwent an intramolecular cyclization reaction triggered by cleavage of the allylic C(sp3)−H bond, affording carbocyclic compounds with high regio‐ and diastereoselectivity. Mono‐, bi‐, and tricarbocyclic compounds were produced in good yields. One of the products thus obtained was derivatized into tramadol in four simple steps. Notably, these intramolecular cyclizations took place in the absence of a gem‐disubstituent on the tethered carbon chain (without the Thorpe‐Ingold effect).