AbstractA heterogeneous catalyst was fabricated by immobilization of chitosan (CS) on magnetic Fe3O4 following the deposition of palladium nanoparticles on its modified surface. The prepared catalyst was characterized using Fourier transform infrared (FTIR) spectroscopy, thermogravimetric analysis (TGA), X‐ray diffractometer (XRD), scanning electron microscopy (SEM) and energy dispersive X‐ray spectroscopy (EDX). The catalyst was investigated for the Suzuki‐Miyaura and Heck‐Mizoroki cross‐coupling reactions and afforded arylated products with high turnover number TON (980) and turnover frequency TOF (980 h−1). The optimized catalytic system was found practical and green as catalyst loading was low (0.10 mol%), water used as solvent and the catalyst was separated with external magnet. A wide variety of aryl halides including electro withdrawing and releasing groups were investigated and found excellent to good yield of Suzuki and Heck cross‐coupled products. Furthermore, the catalyst was recovered and reused up to seven times for Suzuki coupling reactions with 97% efficiency.