Abstract The highly enantioselective desymmetrization of prochiral cyclopent‐4‐ene‐1,3‐diones has been developed via an organocatalytic Michael reaction. This desymmetrization protocol is efficiently catalyzed by 10 mol% of a bifunctional squaramide, offering a short entry into a series of cyclopentane‐substituted oxindoles bearing two quaternary and one tertiary stereocenters in good yields and high stereoselectivities. magnified image