A new method to control the morphology and functionality of micelles is reported. Triblock copolymer micelles with atom transfer radical polymerization initiators at the interface are prepared in aqueous solution. After in‐situ polymerization at the interface, the structures of the interface and corona change, and micelles with PDMAEMA‐PEG comb–coil coronal chains are obtained. In aqueous solution, the pH exerts an influence on the morphology of the micelles. The coronal chains adopt different conformations at different pH values. Upon drying, the two coronal chains phase separate and form nanometer‐sized domains.