The ring-opening polymerization of L-lactide is a crucial route for producing biodegradable polylactides (PLAs). Developing an efficient catalyst for this process poses significant challenges. Herein, we report the successful incorporation of nickel during the crystallization of ZIF-67, the derivation of the abundant and stable CoO source, to obtain the composite magnetic Ni@CoO@ZIF-67 using the solid-state thermal (SST) method. The characterization of the resulting materials revealed that nickel atoms are well dispersed in the composite CoO@ZIF-67, imparting additional magnetic properties. The composite Ni@CoO@ZIF-67 demonstrated superior performance as a heterogeneous catalyst for the ring-opening polymerization of L-lactide compared to reference materials such as Ni-Hmim, CoO, ZIF-67, and CoO@ZIF-67. Furthermore, the magnetic property of Ni@CoO@ZIF-67 offers practical advantages, enabling easier separation and recycling of the catalyst. Notably, the SST method facilitates the single-step synthesis of composite magnetic Ni@CoO@ZIF-67 under solvent-free conditions, representing a significant advancement in catalyst development. This approach not only simplifies the synthesis process but also inspires further developments of heterogeneous magnetic catalysts for a variety of effective and diverse reactions.