The cyclocondensations of dipeptide esters [Gly‐L‐Asp(OMe)2, Gly‐L‐Glu(OMe)2, L‐AspOMe‐β‐AlaOMe, β‐Ala‐L‐Lys(ψ‐N‐Boc,OMe), β‐Ala‐L‐Orn(ψ‐N‐Boc,OMe)] at nickel(II), palladium(II), and copper(II) templates give dianionic square‐planar complexes of deprotonated cyclotetrapeptides that contain functional groups in the side chains. The complexes with 14‐ or 16‐membered rings were isolated as [Ph3PNPPh3]+ salts. Hydrolysis of {[cyclo‐Gly‐Asp(OMe)‐Gly‐Asp(OMe)‐4H+]Pd}2− affords the tetraanionic complex [{cyclo‐Gly‐Asp(O−)‐Gly‐Asp(O−)‐4H+}Pd]4−(Li+)2(PNP+)2. The crystal structure of [(cyclo‐Gly‐β‐Ala‐Gly‐β‐Ala‐4H+)Cu](PPN)2 is also reported. (© Wiley‐VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2003)