We demonstrate an ultrasonication-assisted synthesis without polar solvent of CsPbBr 3 and Cs 4PbBr 6 perovskite nanocrystals (PNCs) and their reversible transformation. The as-prepared CsPbBr 3 PNCs and Cs 4PbBr 6 PNCs exhibit different optical properties that depend on their morphology, size, and structure. The photoluminescence (PL) emission and quantum yield (QY) of the CsPbBr 3 PNCs can be tuned by changing the ultrasound power, radiation time, and the height of the vibrating spear. The optimized CsPbBr 3 PNCs show a good stability and high PL QY of up to 85%. In addition, the phase transformation between CsPbBr 3 PNCs and Cs 4PbBr 6 PNCs can be obtained through varying the amount of oleylamine (OAm) and water. The mechanism of this transformation between the CsPbBr 3 PNCs and Cs 4PbBr 6 PNCs and their morphology change are studied, involving ions equilibrium, anisotropic growth kinetics, and CsBr-stripping process.