The design and development of excellent soft magnetic materials are fascinating research areas in materials science. A series of Co₃₅Cr₅Fe_20−xNi_20+xTi₂₀ (x = 5, 10, 15) High Entropy Alloys (HEAs) were synthesized through mechanical alloying (MA) technique and heat-treated at two different temperatures at 200 °C and 700 °C for 2 h. The XRD analysis confirmed that the HEAs comprised of face-centered cubic (fcc) phase and a minor fraction of an intermetallic R-phase at as-synthesized and annealed state. SEM-EDS observation confirmed the homogeneous compositional distribution and showed that after annealing at 700 °C, tiny spherical particles precipitated over the large grains. The synthesized HEAs showed soft magnetic behavior with low coercivity (12–16 Oe). However, the coercivity decreased more than five times to the initial value after the annealing at 700 °C. Co₃₅Cr₅Fe₁₀Ni₃₀Ti₂₀ HEA annealed at 700 °C shows excellent soft magnetic properties with a high value of Ms (78.01 emu/g) and an extremely low value of Hc (1.7 Oe). The found value of the coercivity is the lowest value of the coercivity reported so far for the case of magnetic CoCrFeNiTi based HEAs. In addition, the present work provides a novel design strategy for the development of magnetic HEAs with excellent magnetic softness.