Reactions of 4‐pyridyltellurolate with various palladium and platinum complexes have been investigated. Treatment of MCl2(dppe) and two equivalents of Na(4‐TeC5H4N) gave cis‐[M(4‐TeC5H4N)2(dppe)] (M=Pd (1), Pt (2)). Similar reactions of MCl2(dppm) exclusively yielded unexpected products, [Pd2(μ3‐Te)(μ2‐4‐TeC5H4N)(4‐TeC5H4N)(μ‐dppm)]2 (M=Pd (3)) and [Pt{(Ph2P)2C(4‐TeC5H4N)}2] (M=Pt (4)). The cis and trans forms of [PdCl(4‐TeC5H4N)(PPh3)]2 (6 a, 6 b) could be isolated from the reaction of polymeric complex [PdCl2(4,4′‐(C5H4N)2Te2)]n (5) and PPh3. All the phosphine complexes have been characterized by NMR and X‐ray crystallography. Complex 3 contains bridging dppm ligand whereas 4 is formed via deprotonation of methylene carbon of dppm ligand.