In this work we report the preparation, characterization and the luminescence studies 1,7-polyoxepan-2-one (polycaprolactone, PCL) polymer films doped with trivalent Rare Earth (RE = Eu3 positive, Gd3 positive e Tb3 positive) trisacetylacetonate (acac) complexes. The CHN microanalysis data confirmed that the general formula for the precursor compounds is (RE(acac)3(H2O)3). The absorption spectra in the infrared region (FTIR) and Raman spectra indicated that the coordination of the B-diketone ligands to RE3 positive ions occurs through the oxygen atoms of carbonyl groups. The PCL films were doped with (RE(acac)3(H2O)3) at concentrations of 1, 5, 10, 15 and 20 porcento (w/w). FTIR and Raman data demonstrated the interaction between PCL polymer and rare earth B-diketonates. The thermogravimetric analysis indicated the anhydrous character of the doped polymer matrices and improvement of thermal stability, in comparison with the precursor complexes. The emission spectra of the PCL:Eu and PCL:Tb systems present characteristic narrow bands of the intraconfigurational transitions of Eu3 positive (5D0-7F0-4) and Tb3 positive (5D4-7F6-0), exhibiting red and green colors, respectively. In addition to concentration quenching of luminescence, losses of emission intensities were also observed over time. The Eu3 positive-doped films exhibit higher lifetimes of the 5D0 emitting level and quantum efficiencies, indicating that the PCL participates in the ligand–metal energy transfer process and co-sensitizes the RE3 positive ions.