Abstract: A new adjustable ratchet wrench for including forward, reverse and neutral operative positions. The inventive device includes a ratchet head assembly. An upper handle portion is secured to and extends downwardly from the ratchet head assembly. The upper handle portion has a hollow interior. The hollow interior has a neutral set bar slidably positioned therein. The neutral set bar has a generally U-shaped configuration with upper free ends extending inwardly of the ratchet head assembly. The upper free ends are angled outwardly for selectively abutting internal components of the ratchet head assembly. The neutral set bar has a spring positioned between the free ends thereof. An upper push rod extends downwardly from the neutral set bar. A lower end of the upper push rod extends outwardly of an open lower end of the upper handle portion.