Purpose - The positive effects of cereal – legume intercropping can occur through complementarity and facilitation for the acquisition of soil nitrogen (N) and phosphorus (P). However, the magnitude of the benefits depends on the availability of such resources. To improve our understanding and design best-performing systems, we evaluated the performance and underlying mechanisms of a cereal – legume mixture on two crossed gradients of N and P. Methods - In a pot experiment, wheat (Triticum aestivum L.) and white lupin (Lupinus albus L.) were grown separately or together on four levels of N combined with four levels of P. We compared biomass, N content, P content, shoot to root biomass ratios and white lupin production of cluster roots and nodules of sole crops with those of intercrops. We used the relative interaction intensity index to determine how the nature of the interaction between the two species changed along the two resource gradients. Results - Regardless of N and P supply, combined biomass and N content of intercropped wheat and white lupin were 29% and 23% greater, respectively. Intercropping increased P content by 34%, on average, particularly at the lowest P supply. While wheat benefited from intercropping in all treatments, white lupin’s performances decreased with increasing N and P supply, resulting in a shift from mutualism to competition along the two gradients and compensation mechanisms between the two species. Conclusion - Nutrient availability negatively influenced the nature and mechanisms of wheat – white lupin interaction. However, mutualistic interactions were the less productive, while competition was associated with the more productive situations.