Porphyrins are appealing building blocks for solar energy applications, although their photosensitization capability is limited by their large optical energy gap, resulting in a mismatch in absorption for efficient harvesting of the solar spectrum. Porphyrin π-extension by edge-fusing with nanographenes can be employed to narrow their optical energy gap, enabling the development of porphyrin-based panchromatic dyes with an optimized energy onset for solar energy conversion in dye-sensitized solar fuel and solar cell configurations. Metalloporphyrin-nanographene conjugates based on open-shell transition metals, such as Ni(II), exhibit panchromatic absporption covering the entire visible and part of the near-IR spectral range. Dispite this interesting property, they exhibit fast excited-state electronic relaxation across the Ni d levels, which hampers harnessing photoexcited electrons to trigger photophysical or photochemical reactions. In this work, we shed light into the underlying mechanism behind fast non-radiative relaxation in these systems. Variable temperature transient absorption and global fit analysis are combined with time-dependent density functional theory to produce a picture of the relevant excited states and underlying relaxation pathways in the conjugates. At room temperature, photoexcitation to the lowest S1* energy level is followed by vibrational cooling in 1-2 ps, and intersystem crossing in > 10 ps, setting a short temporal window wherein a small fraction of relaxed singlets decay to the ground state. Following intersystem crossing and triplet internal conversion, triplets relax rapidly to the ground state (S0) in few tens of picoseconds. By performing measurements at low temperature, we provide evidences for the interplay of a lowest terminal triplet level with > 1 ns lifetime which acts as a bottleneck, and a sloped conical intersection to S0* which is thermally accessible at room temperature from the former energy level. The overall triplet decay is dictated by the contributions that fall along these two photophysical branches. This observation bears significance in understanding how nanographene functionalization leads to a profound effect, opening avenues for potential applications in Optoelectronics and related fields.[1] Garcia-Orrit, S., Vega-Mayoral, V., Chen, Q., Serra, G., Paternò, G. M., Cánovas, E., Narita, A., Müllen, K., Tommasini, M., Cabanillas-González, J., Nanographene-Based Decoration as a Panchromatic Antenna for Metalloporphyrin Conjugates. Small 2023, 19, 2301596.[2] Garcia-Orrit, S. et al., in preparation Figure 1