Abstract Lipari Island hosts an active magmatic–hydrothermal system, but its deep plumbing architecture remains poorly resolved due to strong seismic scattering. We apply passive seismic matrix imaging to public vertical‐component cross‐correlation functions from the dense 2018 Lipari nodal array, recovering relative‐reflectivity structures to ∼10 km depth. The images delineate steep reflectors aligned with the Tindari–Letojanni fault, consistent with a damage‐zone geometry that may focus magma and fluid transfer. Beneath the San Calogero hydrothermal field, a continuous reflector at 1–2 km depth is consistent with a contact between an altered shallow cap and a more competent intrusion complex, as suggested by reflectivity and published velocity constraints. Together, these features define a structural framework in which tectonically guided vertical transfer may connect with laterally partitioned shallow storage and possible hydrothermal sealing. This architecture provides a basis for interpreting magma–fluid transfer and identifies targets for monitoring hydrothermal pressure changes and fault‐zone seismicity.