In the title compound, {[Ni(C10H8N4)2(H2O)2]I2·2C2H5OH} n , the complex shows an octa-hedral environment of the Ni(2+) cation in which it is located on a centre of symmetry, linked to two water mol-ecules and the pyridine-N atoms of four 4,4'-(diazenediyl)dipyridine ligands bridging Ni(2+) cations along the b- and c-axis directions, giving rise to a two-dimensional arrangement. The Ni-N bond lengths are in the range 2.109 (4)-2.186 (3) Å and the Ni-O bond length is 2.080 (3) Å. The 4,4'-(diazenedi-yl)dipyridine ligand lies on an inversion centre. An O-H⋯O hydrogen-bond inter-action is observed between water and ethanol mol-ecules. The I(-) ions can be regarded as free anions in the crystal lattice.