Composed image retrieval, a task involving the search for a target image using a reference image and a complementary text as the query, has witnessed significant advancements owing to the progress made in cross-modal modeling. Unlike the general image-text retrieval problem with only one alignment relation, i.e., image-text, we argue for the existence of two types of relations in composed image retrieval. The explicit relation pertains to the reference image & complementary text-target image, which is commonly exploited by existing methods. Besides this intuitive relation, the observations during our practice have uncovered another implicit yet crucial relation, i.e., reference image & target image-complementary text, since we found that the complementary text can be inferred by studying the relation between the target image and the reference image. Regrettably, existing methods largely focus on leveraging the explicit relation to learn their networks, while overlooking the implicit relation. In response to this weakness, We propose a new framework for composed image retrieval, termed dual relation alignment, which integrates both explicit and implicit relations to fully exploit the correlations among the triplets. Specifically, we design a vision compositor to fuse reference image and target image at first, then the resulted representation will serve two roles: (1) counterpart for semantic alignment with the complementary text and (2) compensation for the complementary text to boost the explicit relation modeling, thereby implant the implicit relation into the alignment learning. Our method is evaluated on two popular datasets, CIRR and FashionIQ, through extensive experiments. The results confirm the effectiveness of our dual-relation learning in substantially enhancing composed image retrieval performance.