High molecular weight cyclic poly(ε‐caprolactone)s (cPCLs) with variable ring size are synthesized via light‐induced ring closure of α,ω‐anthracene‐terminated PCL (An‐PCL‐An). The ring size of cPCL is tunable simply by adjusting the polymer concentration from 10 to 100 mg mL−1 in THF. The cycloaddition via the bimolecular cyclization of An‐PC‐An is well characterized by a variety of analyses such as 1H NMR and UV–vis spectroscopies, gel‐permeation chromatography, and differential scanning calorimetry. The reversible dimerization of An induced by heating enables the cyclic PCL to have a switchable “on–off” capability. This novel light‐induced ring‐closure technique can be one of the most powerful candidates for producing various well‐defined cyclic polymers in highly concentrated polymer solution.