The DPP dyes (=diketopyrrolopyrrole) 1 are deprotonated to give the corresponding dianions 2. These are treated with two moles of the transition‐metal complexes [LnMX]=[(Ph3P)2MX] (M=Cu, Ag; X=Cl, NO3), [(Ph3P)AuCl], [(Et3P)AuCl], [(tBuNC)AuCl], [(Ph3P)2PdCl2], and [(Ph3P)2PtCl2] to give the novel bismetalated DPP dyes [LnMN{C3R1(O)}2NMLn] (4–10). In comparison with the starting materials, these compounds show better solubilities, high fluorescence quantum yields (Φ≥80 %), and bathochromic absorptions. The compounds 4 c, 5 a, 6 b, 6 c, 6 e, 7 c, and 8 c were characterized by X‐ray crystallography. The copper and silver atoms in 4 c and 5 a are trigonal planar and are surrounded by the P atoms of the phosphane ligands and the N atom of the DPP dianion 2. Both metals are somewhat forced out‐of‐plane, and the P2M plane and the phenyl planes of R1 are twisted by >70° and <25°, respectively, towards the chromophore plane. The gold atoms in 6–8 are linearly coordinated to one N and one P (6 b, c, e, 7 c) or one C atom (8 c), respectively. The gold atoms are only slightly pressed out‐of‐plane, and the P substituents are staggered so that there is enough space for the planarization of R1 into the plane of the chromophore. Compound 8 c shows intermolecular d10–d10 interactions between AuI centers of different molecules, and these interactions lead to infinite chains of parallel orientated molecules in a gauche conformation of neighbors (torsion angle=150°) in the crystal.