Cyclodextrin (CD) has been studied intensively due to its ability to form inclusion complexes with a variety of guest molecules in the solid state. A few studies have paid attention to the use of CD to facilitate the synthesis of inorganic nanoparticles. In this work the synthesis of magnetite (M) is made in the presence of CD. The particle size of the inorganic material is controlled by the presence of CD, in which spherical particles of few nanometers are grown. The synthesis of Fe3O4 (M) in the presence of α-cyclodextrin (α-CD) and β-cyclodextrin (βCD) is described. The formation of an M-CD complex is studied in both cases by Fourier transform infrared spectroscopy (FT-IR) in order to elucidate the chemical bonding of the complex. The morphology and size of the particles are determined by Field Emission Scanning Electron Microscopy (FESEM) and software. X-ray diffraction (XRD) is used to confirm the formation of magnetite.