The reaction of [Ni(C 2 H 4 )(dtbpe)] with 1-alkyl-1,2-diphospholes afforded [Ni(1-alkyl-1,2-diphosphole)(dtbpe)] complexes. Both DNMR experimental and DFT calculation results have shown that in solution these complexes are in an equilibrium of two P−P side-on η 2 -coordinated 1-alkyl-1,2-diphosphole isomers. In one form, unusual η 2 bonding occurred at a P 2 −P 1 side, presumably at the expense of a vicinal P 2 −C 1 π bond, and it could be characterized as a phosphametallacycle with the formal oxidation state of Ni(II). In the second isomer with the Ni(0) state, Ni bonds to the ligand through two σ interactions with phosphorus lone pairs. The P 2 chemical shift, being heavily dependent on structure, can be used to monitor these isomer populations.