Reactions of the salicylaldehyde 4-phenylthiosemicarbazone (H2 L) with selected vanadium(IV ) and vanadium(V ) precursors ([VO(acac)2 ], [VO(OAc)2 ], VOSO4 , [V2 O4 (acac)2 ]) were investigated under aerobic conditions in different alcohols (methanol, ethanol, propanol). In all examined cases mononuclear alkoxo vanadium(V ) complexes [VOL(OR)] (1) (OR = OMe, OEt, OPr) were isolated as major products. On prolonged standing, mother liquids afforded dinuclear vanadium(V ) complexes [V2 O3 (Lcycl )2 (OR)2 ] (3) (OR = OMe, OEt, OPr), where Lcycl − represents 1,3,4-thiadiazole ligand, formed by vanadium-induced oxidative cyclization of H2 L. When [VO(acac)2 ] or [V2 O4 (acac)2 ] were used as precursors, in addition to products 1 and 3, a thiazoline derivative HL(acac)cycl (2) was isolated. This compound, formed by a reaction between acetylacetone and H2 L, represented the second type of cyclic product. The products were characterized by IR and NMR spectroscopies, TG analysis, and in some cases by single-crystal X-ray diffraction. To the best of our knowledge, compounds [V2 O3 (Lcycl )2 (OR)2 ] represent the first structurally characterized dinuclear vanadium(V ) complexes with a thiadiazole moiety acting as a bridging ligand. Complexes 1 and 3, when dissolved in an appropriate alcohol, underwent substitution of the alkoxo ligand as confirmed by XRPD. The kinetics of reactions in methanolic solutions was qualitatively studied by UV-Vis and ESMS spectrometries. Under the experimental conditions applied, a relatively slow formation of the mononuclear complex [VOL(OMe)] and an even slower formation of the cyclic species 2 were observed, whereas the presence of dinuclear compound [V2 O3 (Lcycl )2 (OMe)2 ] in the reaction mixture could not be detected.