The formation of inclusion complexes (ICs) composed of cyclodextrins (CDs) and poly(ethylene oxides)-poly(propylene oxides)-poly(ethylene oxides) (PEO-PPO-PEO) was studied. To this purpose, native and hydroxypropyl cyclodextrins with different cavity size were chosen. The PEO-PPO-PEO copolymers were selected to study the role of the molecular weight, keeping constant the hydrophilic/hydrophobic ratio, and the hydrophilicity. The volumetric studies at 25 degrees C allowed to determine the equilibrium constant and the volume change for the IC formation in water as well as the IC stoichiometry. Surface tension experiments evidenced that the copolymer and the CD interfacial behavior is controlled by the formation of ICs taking place in the bulk phase. It was proved that the differential scanning calorimetry (DSC) is a valid method to describe quantitatively the IC in the solid state. The combination of volumes, DSC and FTIR techniques together with the geometric information highlighted the following points: (1) the included copolymer is in the amorphous state; (2) the IC composed of native CDs adopts a channel structure with two EO units incorporated into one CD molecule; (3) the IC composed of hydroxypropyl-cyclodextrin is a polymeric structure like a necklace decorated with CD rings. Finally, TGA experiments showed that the thermal stability of the IC depends on the nature of both components.