Before construction, it was named "Ratchada-Ratchaphruek" station, but was changed to Talat Phlu station to avoid confusion with the BRT terminus station. The station opened on 14 February 2013 and the walkway to BRT was opened on 5 December 2013.[2] It was the western terminus of the Silom Line between 14 February 2013 and 5 December 2013 until the opening of the Talat Phlu-Bang Wa section.
Although it was named "Talat Phlu" because it is located in the area of Talat Phlu. Indeed, it is located in the area of Dao Khanong near the boundary of Dao Khanong and Bukkhalo Sub-districts, Thon Buri District, diagonally from The Mall Tha Phra.[3]
It is planned to be a station on the SRT Dark Red Line as part of the extension to Mahachai.