The ultimate tensile strength of the T6-aged Al–Zn–Mg–Cu–Sc alloy is improved by 24 MPa reached 667 MPa with the addition of 0.10 % V, 0.20 %Ni and decrease 0.1 %Sc. The thermodynamic and microalloying mechanisms of phase transformation during solidification and homogenization of Al–Zn–Mg–Cu–Sc–V–Ni alloy were clarified. The phase transformation model of Al3Sc (V, Ni) structure induced by V and Ni addition during homogenization was established. The calculation radius showed that coherent L12-ordered Al3Sc(V, Ni) nanoparticles were formed in the Al–Zn–Mg–Cu–Sc–V–Ni alloy, which had a small critical nucleation radius (22.0 nm). The large thermodynamic driving force and the high kinetic energy migration energy barrier of γ-Al7Cu4Ni and Al3Sc (V, Ni) phases led to the finer microstructure of grain. V element not only promoted the formation of Al21V2 phase containing Sc but also hindered the mutual diffusion of Al and (Sc, Ni) elements in the eutectic system via segregation at the α-Al/Al3Sc (V, Ni) interface, which improved the stability of the whole alloy. The edge nucleation of γ-Al7Cu4Ni phase upon its diffusion into a Sc-containing Al21V2 phase induced the formation of Al3Sc (V, Ni) structure, whereas the segregation of V and Ni further strengthened the alloy matrix.