Lithium-sulfur (Li-S) batteries are facing various challenges with regards to performance and durability, and further improvements require a better understanding of the fundamental working mechanisms, including an identification of the reaction intermediates in an operating Li-S battery. In this study, we present an operando transmission UV–vis spectro-electrochemical cell design that employs a conventional sulfur/carbon composite electrode, propose a comprehensive peak assignment for polysulfides in DOL: DME-based electrolyte, and finally identify the liquid intermediates in the discharging process of an operating Li-S cell. Here, we propose for the first time a meta-stable polysulfide species (S 3 2−) that is present at substantial concentrations during the 2 nd discharge plateau in a Li-S battery. We identify the S 3 2− species that are the reduction product of S 4 2−, as deducted from the analysis of the obtained operando UV–vis spectra along with the transferred charge, and confirmed by rotating ring disk electrode measurements for the reduction of a solution with a nominal Li 2 S 4 stoichiometry. Furthermore, our operando results provide insight into the potential-dependent stability of different S-species and the rate-limiting (electro) chemical steps during discharging. Finally, we propose a viable reaction pathway of how S 8 is electrochemically reduced to Li 2 S 2/Li 2 S based on our operando results as well as that reported in the literature.