The cycloplatinated(IV) complexes trans-[Pt(p-MeC6H4)(C∧N)(OAc)2(H2O)] (C∧N = benzo[h]quinolate, bhq, 2a, and 2-phenylpyridinate, ppy, 2b) were prepared by reacting the corresponding [Pt(p-MeC6H4)(C∧N)(SMe2)] precursors with PhI(OAc)2 through an oxidative addition (OA) reaction. Thermolysis of 2a at 65 °C generates cis-[Pt(κ1N-10-(p-MeC6H4)-bhq)(OAc)2(H2O)], 3a, which is the product of a Csp2Ar–Csp2bhq reductive elimination (RE). The observed coupling reaction is significantly different from the previously reported analogous thermolysis of trans-[PtMe(C∧N)(OAc)2(H2O)] (C∧N = bhq, 2c, and ppy, 2d) that selectively releases Me–OAc (C–O RE). The density functional theory (DFT) calculations and experimental observations reveal that the Csp2Ar–Csp2bhq coupling reaction occurs through the dissociation of a coordinated water ligand. This in turn is followed by the concomitant bond forming and bond breaking process via a three-center ring transition state, in contrast to the Csp3Me–OAc coupling, which had taken place by an outer sphere SN2 type RE reaction in methyl complexes.