The magnesium–sulfur battery represents a promising post-lithium system with potentially high energy density and improved safety. However, just as all metal–sulfur systems, it is plagued with the polysulfide shuttle leading to active material loss and surface layer formation on the anode. To gain further insights, the present study aims to shed light on the dissolution characteristics of sulfur and polysulfides in glyme-based electrolytes for magnesium–sulfur batteries. Therefore, operando UV/vis spectroscopy and imaging were applied to survey their concentration in solution and the separator coloration during galvanostatic cycling. The influence of conductive cathode additives (carbon black and titanium nitride) on the sulfur retention and cycling overpotentials were investigated. Thus, valuable insights into the system's reversibility and the benefit of additional reaction sites are gained. On the basis of these findings, a reduction pathway is proposed with S8, S62–, and S42– being the present species in the electrolyte, while the dissolution of S82– and S3•– is unfavored. In addition, the evolution of the sulfur species concentration during an extended rest at open-circuit voltage was investigated, which revealed a three-staged self-discharge.