Excited-state interactions within the organic layer play a critical role in sensitized phosphorescence of two-dimensional (2D) perovskites. Herein, we regulate excited-state interactions utilizing isomeric organic ligands 1-naphthylmethylamine (1-NMA) and 1-(2-naphthyl)-methanamine (2-NMA). Transient absorption and first-principles calculations are employed to elucidate the mechanisms of triplet energy transfer (TET) and triplet excimer formation. The results indicate that wave function hybridization and tunneling effect at the inorganic/organic interface contribute to rapid (∼20 ps) and highly efficient (>98%) TET, with the triplet excimer being generated in (1-NMA)2PbBr4 at picosecond time-scale. However, triplet excimer is barely observed in (2-NMA)2PbBr4 due to varying ligand stacking modes. Despite rapid TET, the efficiency of sensitized phosphorescence is low (<0.5%), which is ascribed to pronounced nonradiative decay. By mixing isomeric ligands and optimizing respective ratio, a maximum phosphorescence enhancement of 7.6 folds is achieved. This work provides a detailed mechanistic understanding of triplet excimer sensitization and regulation of sensitized phosphorescence.