The reaction of the thiosemicarbazone ligands 1‐(COMe)‐3‐[C(H)=NN(H)C(=S)NHR]C8H5N, (R = H a, Me b, Et c) with potassium tetrachloropalladate in an ethanol/water mixture led to the new tetranuclear palladium(II) compounds [Pd{1‐(COMe)‐3‐[C(H)=NN=C(S)NHR]C8H4N‐k3C5,N,S}]4 (R = H 1a, Me 1b, Et 1c) which contain six‐membered metallacycles. The thiosemicarbazone ligands in these complexes are terdentate through the C, N, and S atoms and are deprotonated at the NH group. The Pd–S bond formed is sufficiently strong to undergo reactions with nucleophiles without bond cleavage. Reaction of 1a and 1b with 1,2‐bis(diphenylphosphanyl)ethane (dppe) gave the dinuclear species [{Pd[1‐(COMe)‐3‐{C(H)=NN=C(S)NHR}C8H4N]}2(μ‐Ph2P(CH2)2PPh2)] (R = H 2a, Me 2b). The molecular structure of complex 1b has been determined by X‐ray diffraction analysis. (© Wiley‐VCH Verlag GmbH & Co. KGaA, 69451 Weinheim, Germany, 2006)