A novel type of donor-π-acceptor double cable poly(3-hexylthiophene) (P3HT) derivative bearing a fullerene pendant and a phenyl group as the linking bridge between the P3HT donor and C60 acceptor (C60-Ph-P3HT-1,2,3,4) with tunable donor/acceptor ratio was synthesized via a facile postpolymerization functionalization. The molecular structure, electronic property and molecular arrangement, as well as the surface morphology of the synthesized C60-Ph-P3HT-1,2,3,4 were characterized by FTIR, 1H NMR, UV-Vis and fluorescence emission spectroscopies, XRD and AFM. FTIR and 1H NMR spectroscopic studies confirm the polymeric structures of C60-Ph-P3HT-1,2,3,4 with the successful grafting of the C60 moiety with tunable donor/acceptor ratio (wt.% ∼1 : 1; 1 : 0.9; 1 : 0.8; 1 : 0.6). UV-Vis absorption spectroscopic study confirms the nature of C60-Ph-P3HT as the mono-adduct of C60, and indicates a very weak perturbation of the molecular arrangement of the P3HT backbone upon the grafting of the C60 pendant. The fluorescence intensity of C60-Ph-P3HT-1,2,3,4 is found to be dramatically quenched compared to that of the P3HT and P3HT/C60 (1 : 1) blend, and notably, C60-Ph-P3HT-1 approaches 98% quenching. The molecular arrangement of C60-Ph-P3HT is investigated by XRD analysis, suggesting that the grafted C60 moieties in the side chain slightly interferes with the lamellar stacking of the polythiophene main chain of P3HT. The AFM measurements on the surface film morphology of C60-Ph-P3HT-1,2,3,4 reveal that the rms roughness of C60-Ph-P3HT-1,2,3,4 is larger than that of P3HT.