Reduction of the pincer complex [OsIIICl2(PNP)] (PNP = N(CHCHPtBu2)2) affords the isolation and full characterization of an osmium(ii) complex with square-planar coordination geometry, i.e. [OsIICl(PNP)]. Spectroscopic, structural and magnetic data in combination with multireference computations indicate strong temperature independent paramagnetism, which arises from an energetically well separated ground state that mixes with excited states through spin-orbit coupling.