The macrobicyclic azathioether ligands L1 and L2 were investigated regarding their capability to form complexes with divalent palladium. L1 represents a cyclophane‐like ligand system comprising two 4‐tert‐butyl‐2, 6‐bis(aminomethyl)thiophenolate units, which are linked by an ethylene and two 3‐aza‐1, 5‐pentylene units to give two seventeen‐membered dithia‐triaza crowns fused at the common ArSCH2CH2SAr fragment. L2 is the hexa‐N‐methylated derivative of L1. Treatment of L1 and L2 with two equivalents of [PdCl2(CH3CN)2] gave the new complexes [(L1)Pd2Cl]+ (1) and [(L2)Pd2Cl2]2+ (2), respectively, which were isolated as perchlorate salts and characterized by elemental analysis, IR and NMR spectroscopy and by X‐ray crystallography. In 1, L1 acts as a septadentate ligand to give two distorted square‐planar PdN3S and PdN3Cl units, respectively. The structure of 2 shows L2 to be hexacoordinate, yielding two distorted square‐planar PdN2SCl units leaving two NMe groups dangling. NMR spectroscopic studies reveal that both complexes retain their solid‐state structures in solution. The reaction of L2 with one equivalent of [PdCl2(CH3CN)2] is accompanied by a bond cleavage reaction of one of the two aliphatic thioether bonds to afford the dinuclear complex [(L3)Pd2Cl2]Cl (3·Cl) of the ring‐opened 24‐membered hexaaza‐vinylthioether/thiophenolate derivative (L3)‐. The crystal structure determination of 3·Cl reveals two distorted‐square planar PdN2ClS units which are bridged by the thiophenolate sulfur atom of (L3)‐. The vinyl‐thioether moiety and the two remaining amine donors of (L3)‐ do not interact with the two palladium ions. The X‐ray structure analysis of the free macrocycle L2 demonstrates that the C‐S bond lengths become elongated upon coordination to the palladium(II) ions.