Summary: Star‐shaped hydroxy‐terminated poly(ε‐caprolactone)s (ssPCL), with arms of different lengths, were obtained by ring‐opening polymerization (ROP) of ε‐caprolactone initiated by pentaerythritol, and were condensed with α‐methyl‐ω‐(3‐carboxypropionyloxy)‐poly(ethylene oxide)s ( = 550–5 000) to afford four‐armed PCL‐PEO star diblock copolymers (ssPCL‐PEO). The polymers were characterized by 1H and 13C NMR spectroscopy and size‐exclusion chromatography (SEC). The melting behavior of ssPCLs was studied by differential scanning calorimetry (DSC). X‐ray diffraction and DSC techniques were used to investigate the crystalline phases of ssPCL‐PEOs.