It is of great importance and is highly desired in the olefin polymerization catalysis that a simple catalyst derived from cheap starting materials and short synthetic pathways exhibits superior catalytic property towards a polymerization reaction. In this contribution, starting from commercially available and cheap materials, by using a short and simple three-step reaction route we report a readily available neutral phenoxy-imine nickel catalyst, which significantly enables the formation of linear ultrahigh molecular weight polyethylene (~5 brs/1000C, Mn = 1531 kDa) in a living polymerization (PDI = 1.08–1.11). An enhancement of 77 times on the polymer molecular weight occurs compared to the classical 2,6-diisopropyl substituted phenoxy-imine nickel catalyst. This avoids a tedious synthetic procedure and the use of an excess aluminum reagent as the activator and the scavenger.