Touch dressing of electroplated diamond wheels is a challenging technique used for precision form grinding. This paper presents an investigation to explore the capabilities of modern laser technology for touch dressing. A pulsed picosecond laser (ps-laser) beam (Yb:YAG) is used to cut diamond grains within a definite grain protrusion without noticeable thermal damage neither on the nickel bond material nor the diamond itself. A systematic study on laser irradiation parameters on cutting quality is presented. Series of experiments by dressing of SiC wheels using an ultrashort pulsed laser source as well as conventional touch dressed diamond wheel are carried out and both methods are compared. Significant advantages of the novel laser method are presented.