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Abstract Low‐strain cyclic olefin monomers, including five‐membered, six‐membered, eight‐membered, and macrocyclic rings, have been recently exploited for the synthesis of depolymerizable polyolefins via ring‐opening metathesis polymerization (ROMP). Such polyolefins can undergo ring‐closing metathesis depolymerization (RCMD) to regenerate their original monomers. Nevertheless, the depolymerization behavior of polyolefins prepared by ROMP of seven‐membered cyclic olefins, an important class of low‐strain rings, still remains unexplored. In this study, we demonstrate the chemical recycling of polyheptenamers to cycloheptene under standard RCMD conditions. Highly efficient depolymerization of polyheptenamer was enabled by Grubbs' second‐generation catalyst in toluene. It was observed that the monomer yields increased when the depolymerization temperature increased and the starting polymer concentration was reduced. A near‐quantitative monomer regeneration (>96%) was achieved within 1 h under dilute conditions (20 mM of olefins) at 60°C. Moreover, polyheptenamer exhibited a decomposition temperature above 430°C, highlighting its potential as a new class of thermally stable and chemically recyclable polymer materials.