diff --git a/inference-engine/src/transformations/include/transformations/convert_quantize_dequantize.hpp b/inference-engine/src/transformations/include/transformations/convert_quantize_dequantize.hpp
new file mode 100644
index 00000000000..dc203158246
--- /dev/null
+++ b/inference-engine/src/transformations/include/transformations/convert_quantize_dequantize.hpp
@@ -0,0 +1,36 @@
+// Copyright (C) 2020 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#pragma once
+
+#include <vector>
+#include <memory>
+
+#include <transformations_visibility.hpp>
+
+#include <ngraph/pass/graph_rewrite.hpp>
+
+namespace ngraph {
+namespace pass {
+
+class TRANSFORMATIONS_API ConvertQuantizeDequantize;
+
+}  // namespace pass
+}  // namespace ngraph
+
+/**
+ * @ingroup ie_transformation_common_api
+ * @brief ConvertQuantizeDequantize transformation replaces following graph:
+ * FakeQuantize->Convert->Convert->Subtract->Multiply with a single FakeQuantize.
+ * Restrictions:
+ * - quantized data type must be i8 or u8
+ * - 'levels' attribute to FakeQuantize must be equal to 256
+ * - (output_low, output_high) must be (-128, 127) or (0, 256) (depends on sign of quantized data type)
+ * - 'zero_point' and 'scale' must be broadcastable to FakeQuantize's output
+ */
+
+class ngraph::pass::ConvertQuantizeDequantize: public ngraph::pass::MatcherPass {
+public:
+    ConvertQuantizeDequantize();
+};
diff --git a/inference-engine/src/transformations/src/transformations/common_optimizations/common_optimizations.cpp b/inference-engine/src/transformations/src/transformations/common_optimizations/common_optimizations.cpp
index 7f988f7fa5b..bc40c2744fc 100644
--- a/inference-engine/src/transformations/src/transformations/common_optimizations/common_optimizations.cpp
+++ b/inference-engine/src/transformations/src/transformations/common_optimizations/common_optimizations.cpp
@@ -19,6 +19,7 @@
 #include "transformations/softplus_fusion.hpp"
 #include "transformations/swish_fusion.hpp"
 #include "transformations/hswish_fusion.hpp"
+#include "transformations/convert_quantize_dequantize.hpp"
 
 #include <ngraph/pass/manager.hpp>
 #include <ngraph/pass/constant_folding.hpp>
@@ -33,6 +34,7 @@ bool ngraph::pass::CommonOptimizations::run_on_function(std::shared_ptr<ngraph::
     manager.register_pass<ngraph::pass::ConvertPriorBox>();  // WA: ConvertPriorBox must be executed before CF
     manager.register_pass<ngraph::pass::ConstantFolding>();
     manager.register_pass<ngraph::pass::RemoveFilteringBoxesBySize>(); // Resolves dynamism (replaces NonZero), CF needed
+    manager.register_pass<ngraph::pass::ConvertQuantizeDequantize>();
     manager.register_pass<ngraph::pass::ConstantFolding>();
     manager.register_pass<ngraph::pass::StridedSliceOptimization>(); // depends on CF
     manager.register_pass<ngraph::pass::NopElimination>(); // may introduce fake dynamism
diff --git a/inference-engine/src/transformations/src/transformations/convert_quantize_dequantize.cpp b/inference-engine/src/transformations/src/transformations/convert_quantize_dequantize.cpp
new file mode 100644
index 00000000000..89711ab9f14
--- /dev/null
+++ b/inference-engine/src/transformations/src/transformations/convert_quantize_dequantize.cpp
@@ -0,0 +1,153 @@
+// Copyright (C) 2020 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#include "transformations/convert_quantize_dequantize.hpp"
+#include "transformations/utils/utils.hpp"
+
+#include <memory>
+#include <vector>
+
+#include <ngraph/opsets/opset4.hpp>
+#include <ngraph/rt_info.hpp>
+#include <ngraph/pattern/op/wrap_type.hpp>
+
+
+// ConvertQuantizeDequantize converts Quantize/Dequantize pair to a single FakeQuantize.
+// Since Quantize is decomposed to FakeQuantize and Dequantize is decomposed to Subtract->Multiply,
+// the full pattern to match is presented on the left hand side of the graph below.
+// On the right hand side is the graph after transformation.
+// Currently transformation supports only i8 and u8 quantized data type.
+// That implies 'levels' attribute to be 256, as well as (output_low, output_high) be (-128, 127) or (0, 255) (depends on sign of the quantized data type).
+// Another limitation is that 'zero_point' and 'scale' have to be broadcastable to the output of FakeQuantize.
+//
+//
+//                                   |  |  |  |  |
+//                                   |  |  |  |  |
+//                                   v  v  v  v  v
+//                                  +------------+
+//                                  |FakeQuantize|
+//                                  +------------+
+//                                        |
+//                                        v
+//                              +---------------------+
+//                              |      Convert        |
+//                              |(e.g. from f32 to u8)|
+//                              +---------+-----------+                            |  |  |  |  |
+//                                        |                                        |  |  |  |  |
+//                                        v                                        v  v  v  v  v
+//                              +---------------------+                           +------------+
+//                              |      Convert        |            ====>          |FakeQuantize|
+//                              |  (from u8 to f32)   |                           +------------+
+//                              +---------+-----------+                                 |
+//                                        |                                             v
+//                                        v
+//                  +----------+    +------------+
+//                  |zero point|--->|  Subtract  |
+//                  +----------+    +-----+------+
+//                                        |
+//                                        v
+//                   +---------+    +------------+
+//                   |  scale  |--->|  Multiply  |
+//                   +---------+    +-----+------+
+//                                        |
+//                                        v
+//
+
+
+ngraph::pass::ConvertQuantizeDequantize::ConvertQuantizeDequantize() {
+    auto data_pattern = ngraph::pattern::any_input();
+    auto input_low_pattern = ngraph::pattern::any_input();
+    auto input_high_pattern = ngraph::pattern::any_input();
+    auto output_low_pattern = ngraph::pattern::wrap_type<opset4::Constant>();
+    auto output_high_pattern = ngraph::pattern::wrap_type<opset4::Constant>();
+    auto fq_pattern = ngraph::pattern::wrap_type<opset4::FakeQuantize>({data_pattern, input_low_pattern,
+                                                                       input_high_pattern, output_low_pattern,
+                                                                       output_high_pattern});
+    auto convert1_pattern = ngraph::pattern::wrap_type<opset4::Convert>({fq_pattern}, pattern::type_matches_any({element::i8, element::u8}));
+    auto convert2_pattern = ngraph::pattern::wrap_type<opset4::Convert>({convert1_pattern}, pattern::type_matches(element::f32));
+    auto zero_point_pattern = ngraph::pattern::any_input();
+    auto sub_pattern = ngraph::pattern::wrap_type<opset4::Subtract>({convert2_pattern, zero_point_pattern}, pattern::consumers_count(1));
+    auto scale_pattern = ngraph::pattern::any_input();
+    auto mul_pattern = ngraph::pattern::wrap_type<opset4::Multiply>({sub_pattern, scale_pattern});
+
+    ngraph::matcher_pass_callback callback = [=](pattern::Matcher& m) {
+        auto pattern_map = m.get_pattern_value_map();
+        auto data = pattern_map[data_pattern];
+        auto input_low = pattern_map[input_low_pattern];
+        auto input_high = pattern_map[input_high_pattern];
+        auto output_low = std::dynamic_pointer_cast<opset4::Constant>(pattern_map[output_low_pattern].get_node_shared_ptr());
+        if (!output_low)
+            return false;
+        auto output_high = std::dynamic_pointer_cast<opset4::Constant>(pattern_map[output_high_pattern].get_node_shared_ptr());
+        if (!output_high)
+            return false;
+        auto fq = std::dynamic_pointer_cast<opset4::FakeQuantize>(pattern_map[fq_pattern].get_node_shared_ptr());
+        if (!fq)
+            return false;
+        auto zero_point = pattern_map[zero_point_pattern];
+        auto scale = pattern_map[scale_pattern];
+        auto convert1 = pattern_map[convert1_pattern];
+        auto convert2 = pattern_map[convert2_pattern];
+        auto mul = pattern_map[mul_pattern].get_node_shared_ptr();
+
+        // convert1 and convert2 should have only one input
+        if (convert1.get_target_inputs().size() != 1)
+            return false;
+        if (convert2.get_target_inputs().size() != 1)
+            return false;
+
+        // we support only i8 or u8 so 'levels' attribute must be 256
+        size_t levels = fq->get_levels();
+        if (levels != 256)
+            return false;
+
+        // check if (out_low_val, out_high_val) is (-128, 127) or (0, 255)
+        float out_low_val;
+        if (!op::util::get_single_value(output_low, out_low_val))
+            return false;
+        float out_high_val;
+        if (!op::util::get_single_value(output_high, out_high_val))
+            return false;
+        const auto& type = convert1.get_element_type();
+        switch (type) {
+        case element::Type_t::i8:
+            if (out_low_val != -128 || out_high_val != 127)
+                return false;
+            break;
+        case element::Type_t::u8:
+            if (out_low_val != 0 || out_high_val != 255)
+                return false;
+            break;
+        default:
+            return false;
+        }
+
+        auto new_out_low = std::make_shared<ngraph::opset4::Multiply>(
+                std::make_shared<ngraph::opset4::Subtract>(output_low, zero_point), scale);
+        auto new_out_high = std::make_shared<ngraph::opset4::Multiply>(
+                std::make_shared<ngraph::opset4::Subtract>(output_high, zero_point), scale);
+
+        // check if new_out_low/high shapes are broadcastable to FQ's input
+        auto data_shape = data.get_partial_shape();
+        if (data_shape.rank().is_dynamic())
+            return false;
+        auto out_low_shape = new_out_low->get_output_partial_shape(0);
+        if (out_low_shape.rank().is_dynamic() || out_low_shape.rank().get_length() > data_shape.rank().get_length())
+            return false;
+        auto out_high_shape = new_out_high->get_output_partial_shape(0);
+        if (out_high_shape.rank().is_dynamic() || out_high_shape.rank().get_length() > data_shape.rank().get_length())
+            return false;
+
+        auto new_fq = std::make_shared<ngraph::opset4::FakeQuantize>(data, input_low, input_high, new_out_low, new_out_high, levels);
+        new_fq->set_friendly_name(mul->get_friendly_name());
+
+        copy_runtime_info({fq, convert1.get_node_shared_ptr(), convert2.get_node_shared_ptr()}, new_fq);
+        replace_node(mul, new_fq);
+
+        return true;
+    };
+
+    auto m = std::make_shared<ngraph::pattern::Matcher>(mul_pattern, "ConvertQuantizeDequantize");
+    this->register_matcher(m, callback);
+}
diff --git a/inference-engine/tests/functional/inference_engine/transformations/convert_quantize_dequantize.cpp b/inference-engine/tests/functional/inference_engine/transformations/convert_quantize_dequantize.cpp
new file mode 100644
index 00000000000..bdb44ce650f
--- /dev/null
+++ b/inference-engine/tests/functional/inference_engine/transformations/convert_quantize_dequantize.cpp
@@ -0,0 +1,205 @@
+// Copyright (C) 2020 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#include <gtest/gtest.h>
+
+#include <string>
+#include <memory>
+#include <queue>
+
+#include <ngraph/function.hpp>
+#include <ngraph/opsets/opset1.hpp>
+#include <transformations/convert_quantize_dequantize.hpp>
+#include <transformations/init_node_info.hpp>
+#include <transformations/utils/utils.hpp>
+#include <ngraph/pass/manager.hpp>
+#include <ngraph/pass/constant_folding.hpp>
+
+#include "common_test_utils/ngraph_test_utils.hpp"
+
+
+using namespace testing;
+using namespace ngraph;
+
+
+template <typename T>
+std::shared_ptr<Function> create_q_dq_function(const Shape& data_shape, float in_low, float in_high, float out_low, float out_high,
+                                               const Shape& zero_point_shape, std::vector<T> zero_point_values,
+                                               const Shape& scale_shape, std::vector<float> scale_values, size_t levels) {
+    auto data = std::make_shared<opset1::Parameter>(element::f32, data_shape);
+    auto input_low = opset1::Constant::create(element::f32, Shape{}, {in_low});
+    auto input_high = opset1::Constant::create(element::f32, Shape{}, {in_high});
+    auto output_low = opset1::Constant::create(element::f32, Shape{}, {out_low});
+    auto output_high = opset1::Constant::create(element::f32, Shape{}, {out_high});
+    auto fq = std::make_shared<opset1::FakeQuantize>(data, input_low,
+                                                     input_high, output_low,
+                                                     output_high, levels);
+    auto convert1 = std::make_shared<opset1::Convert>(fq, element::from<T>());
+    auto convert2 = std::make_shared<opset1::Convert>(convert1, element::f32);
+    auto zero_point = std::make_shared<opset1::Convert>(opset1::Constant::create(element::from<T>(), zero_point_shape, zero_point_values), element::f32);
+    auto sub = std::make_shared<opset1::Subtract>(convert2, zero_point);
+    auto scale = opset1::Constant::create(element::f32, scale_shape, scale_values);
+    auto mul = std::make_shared<opset1::Multiply>(sub, scale);
+
+    return std::make_shared<Function>(NodeVector{mul}, ParameterVector{data});
+}
+
+template <typename T>
+void positive_test(const Shape& data_shape, float in_low, float in_high, float out_low, float out_high,
+                   const Shape& zero_point_shape, std::vector<T> zero_point_values,
+                   const Shape& scale_shape, std::vector<float> scale_values, size_t levels) {
+    std::shared_ptr<Function> f(nullptr), f_ref(nullptr);
+    {
+        f = create_q_dq_function(data_shape, in_low, in_high, out_low, out_high,
+                                 zero_point_shape, zero_point_values, scale_shape, scale_values, levels);
+        pass::Manager m;
+        m.register_pass<pass::InitNodeInfo>();
+        m.register_pass<pass::ConvertQuantizeDequantize>();
+        m.register_pass<pass::ConstantFolding>();
+        m.run_passes(f);
+        ASSERT_NO_THROW(check_rt_info(f));
+    }
+
+    {
+        auto data = std::make_shared<opset1::Parameter>(element::f32, data_shape);
+        auto input_low = opset1::Constant::create(element::f32, Shape{}, {in_low});
+        auto input_high = opset1::Constant::create(element::f32, Shape{}, {in_high});
+        auto output_low = opset1::Constant::create(element::f32, Shape{}, {(out_low - zero_point_values[0]) * scale_values[0]});
+        auto output_high = opset1::Constant::create(element::f32, Shape{}, {(out_high - zero_point_values[0]) * scale_values[0]});
+        auto fq = std::make_shared<opset1::FakeQuantize>(data, input_low,
+                                                         input_high, output_low,
+                                                         output_high, levels);
+        f_ref = std::make_shared<Function>(NodeVector{fq}, ParameterVector{data});
+    }
+
+    auto res = compare_functions(f, f_ref);
+    ASSERT_TRUE(res.first) << res.second;
+}
+
+TEST(TransformationTests, ConvertQuantizeDequantizeINT8) {
+    std::shared_ptr<Function> f(nullptr), f_ref(nullptr);
+    Shape data_shape{3, 1, 2};
+    float in_low = 0;
+    float in_high = 5;
+    float out_low = -128;
+    float out_high = 127;
+    Shape zero_point_shape{};
+    std::vector<int8_t> zero_point_values{2};
+    Shape scale_shape{};
+    std::vector<float> scale_values{3};
+    size_t levels = 256;
+
+    positive_test(data_shape, in_low, in_high, out_low, out_high,
+                  zero_point_shape, zero_point_values, scale_shape, scale_values, levels);
+}
+
+TEST(TransformationTests, ConvertQuantizeDequantizeUINT8) {
+    std::shared_ptr<Function> f(nullptr), f_ref(nullptr);
+    Shape data_shape{3, 1, 2};
+    float in_low = 0;
+    float in_high = 5;
+    float out_low = 0;
+    float out_high = 255;
+    Shape zero_point_shape{};
+    std::vector<uint8_t> zero_point_values{2};
+    Shape scale_shape{};
+    std::vector<float> scale_values{3};
+    size_t levels = 256;
+
+    positive_test(data_shape, in_low, in_high, out_low, out_high,
+                  zero_point_shape, zero_point_values, scale_shape, scale_values, levels);
+}
+
+template <typename T>
+void negative_test(const Shape& data_shape, float in_low, float in_high, float out_low, float out_high,
+                   const Shape& zero_point_shape, std::vector<T> zero_point_values,
+                   const Shape& scale_shape, std::vector<float> scale_values, size_t levels) {
+    std::shared_ptr<Function> f(nullptr), f_ref(nullptr);
+    {
+        f = create_q_dq_function(data_shape, in_low, in_high, out_low, out_high,
+                                 zero_point_shape, zero_point_values, scale_shape, scale_values, levels);
+        pass::Manager m;
+        m.register_pass<pass::InitNodeInfo>();
+        m.register_pass<pass::ConvertQuantizeDequantize>();
+        m.run_passes(f);
+        ASSERT_NO_THROW(check_rt_info(f));
+    }
+
+    {
+        // negative test so the transformation does not fire and reference is the same graph as original
+        f_ref = create_q_dq_function(data_shape, in_low, in_high, out_low, out_high,
+                                 zero_point_shape, zero_point_values, scale_shape, scale_values, levels);
+    }
+    auto res = compare_functions(f, f_ref);
+    ASSERT_TRUE(res.first) << res.second;
+}
+
+TEST(TransformationTests, ConvertQuantizeDequantizeZeroPointNotBroadcastable) {
+    std::shared_ptr<Function> f(nullptr), f_ref(nullptr);
+    Shape data_shape{3, 1, 2};
+    float in_low = 0;
+    float in_high = 5;
+    float out_low = -128;
+    float out_high = 127;
+    Shape zero_point_shape{1, 1, 1, 1};
+    std::vector<int8_t> zero_point_values{2};
+    Shape scale_shape{1};
+    std::vector<float> scale_values{3};
+    size_t levels = 256;
+
+    negative_test(data_shape, in_low, in_high, out_low, out_high,
+                  zero_point_shape, zero_point_values, scale_shape, scale_values, levels);
+}
+
+TEST(TransformationTests, ConvertQuantizeDequantizeScaleNotBroadcastable) {
+    std::shared_ptr<Function> f(nullptr), f_ref(nullptr);
+    Shape data_shape{3, 1, 2};
+    float in_low = 0;
+    float in_high = 5;
+    float out_low = -128;
+    float out_high = 127;
+    Shape zero_point_shape{};
+    std::vector<int8_t> zero_point_values{2};
+    Shape scale_shape{1, 1, 1, 1};
+    std::vector<float> scale_values{3};
+    size_t levels = 256;
+
+    negative_test(data_shape, in_low, in_high, out_low, out_high,
+                  zero_point_shape, zero_point_values, scale_shape, scale_values, levels);
+}
+
+TEST(TransformationTests, ConvertQuantizeDequantizeInvalidLevels) {
+    std::shared_ptr<Function> f(nullptr), f_ref(nullptr);
+    Shape data_shape{3, 1, 2};
+    float in_low = 0;
+    float in_high = 5;
+    float out_low = -128;
+    float out_high = 127;
+    Shape zero_point_shape{};
+    std::vector<int8_t> zero_point_values{2};
+    Shape scale_shape{};
+    std::vector<float> scale_values{3};
+    size_t levels = 127;
+
+    negative_test(data_shape, in_low, in_high, out_low, out_high,
+                  zero_point_shape, zero_point_values, scale_shape, scale_values, levels);
+}
+
+TEST(TransformationTests, ConvertQuantizeDequantizeInvalidOutLowOutHigh) {
+    std::shared_ptr<Function> f(nullptr), f_ref(nullptr);
+    Shape data_shape{3, 1, 2};
+    float in_low = 0;
+    float in_high = 5;
+    // (-128, 127) are invalid for uin8_t data type
+    float out_low = -128;
+    float out_high = 127;
+    Shape zero_point_shape{};
+    std::vector<uint8_t> zero_point_values{2};
+    Shape scale_shape{};
+    std::vector<float> scale_values{3};
+    size_t levels = 256;
+
+    negative_test(data_shape, in_low, in_high, out_low, out_high,
+                  zero_point_shape, zero_point_values, scale_shape, scale_values, levels);
+}
diff --git a/ngraph/core/include/ngraph/pattern/op/pattern.hpp b/ngraph/core/include/ngraph/pattern/op/pattern.hpp
index 64b4f98a4a9..71c9769561e 100644
--- a/ngraph/core/include/ngraph/pattern/op/pattern.hpp
+++ b/ngraph/core/include/ngraph/pattern/op/pattern.hpp
@@ -61,6 +61,12 @@ namespace ngraph
         NGRAPH_API
         std::function<bool(Output<Node>)> has_static_shape();
 
+        NGRAPH_API
+        std::function<bool(Output<Node>)> type_matches(const element::Type& type);
+
+        NGRAPH_API
+        std::function<bool(Output<Node>)> type_matches_any(const std::vector<element::Type>& types);
+
         namespace op
         {
             using NodePredicate = std::function<bool(std::shared_ptr<Node>)>;
diff --git a/ngraph/core/src/pattern/op/pattern.cpp b/ngraph/core/src/pattern/op/pattern.cpp
index d1e13e7b3d0..6a988979607 100644
--- a/ngraph/core/src/pattern/op/pattern.cpp
+++ b/ngraph/core/src/pattern/op/pattern.cpp
@@ -94,5 +94,21 @@ namespace ngraph
             return
                 [=](Output<Node> output) -> bool { return output.get_partial_shape().is_static(); };
         }
+
+        std::function<bool(Output<Node>)> type_matches(const element::Type& type)
+        {
+            return [=](Output<Node> output) -> bool { return output.get_element_type() == type; };
+        }
+
+        std::function<bool(Output<Node>)>
+            type_matches_any(const std::vector<element::Type>& expected_types)
+        {
+            return [=](Output<Node> output) -> bool {
+                const auto& output_type = output.get_element_type();
+                return std::any_of(expected_types.begin(),
+                                   expected_types.end(),
+                                   [=](element::Type type) { return type == output_type; });
+            };
+        }
     }
 }
diff --git a/ngraph/test/models/onnx/quant_dequant_pattern.prototxt b/ngraph/test/models/onnx/quant_dequant_pattern.prototxt
new file mode 100644
index 00000000000..73b2728787a
--- /dev/null
+++ b/ngraph/test/models/onnx/quant_dequant_pattern.prototxt
@@ -0,0 +1,108 @@
+ir_version: 3
+producer_name: "nGraph ONNX Importer"
+graph {
+  node {
+    input: "data"
+    input: "scale"
+    input: "zero_point"
+    output: "quantization_out"
+    name: "quantization"
+    op_type: "QuantizeLinear"
+  }
+  node {
+    input: "quantization_out"
+    input: "scale"
+    input: "zero_point"
+    output: "dequantization_out"
+    name: "dequantization"
+    op_type: "DequantizeLinear"
+  }
+  node {
+    input: "dequantization_out"
+    input: "x"
+    output: "mul_out"
+    name: "mul"
+    op_type: "Mul"
+  }
+
+  name: "test_graph"
+  input {
+    name: "data"
+    type {
+      tensor_type {
+        elem_type: 1
+        shape {
+          dim {
+            dim_value: 5
+          }
+        }
+      }
+    }
+  }
+  input {
+    name: "scale"
+    type {
+      tensor_type {
+        elem_type: 1
+        shape {
+          dim {
+          }
+        }
+      }
+    }
+  }
+  input {
+    name: "zero_point"
+    type {
+      tensor_type {
+        elem_type: 3
+        shape {
+          dim {
+          }
+        }
+      }
+    }
+  }
+  input {
+    name: "x"
+    type {
+      tensor_type {
+        elem_type: 1
+        shape {
+          dim {
+            dim_value: 1
+          }
+        }
+      }
+    }
+  }
+
+  output {
+    name: "mul_out"
+    type {
+      tensor_type {
+        elem_type: 1
+        shape {
+          dim {
+            dim_value: 5
+          }
+        }
+      }
+    }
+  }
+  initializer {
+    dims: 0
+    data_type: 1
+    name: "scale"
+    float_data: 3
+  }
+  initializer {
+    dims: 0
+    data_type: 2
+    name: "zero_point"
+    int32_data: 10
+  }
+}
+opset_import {
+  version: 11
+}
diff --git a/ngraph/test/models/onnx/quant_dequant_pattern_axis.prototxt b/ngraph/test/models/onnx/quant_dequant_pattern_axis.prototxt
new file mode 100644
index 00000000000..2a92566398e
--- /dev/null
+++ b/ngraph/test/models/onnx/quant_dequant_pattern_axis.prototxt
@@ -0,0 +1,125 @@
+ir_version: 3
+producer_name: "nGraph ONNX Importer"
+graph {
+  node {
+    input: "data"
+    input: "scale"
+    input: "zero_point"
+    output: "quantization_out"
+    name: "quantization"
+    op_type: "QuantizeLinear"
+    attribute {
+      name: "axis"
+      i: 1
+      type: INT
+    }
+  }
+  node {
+    input: "quantization_out"
+    input: "scale"
+    input: "zero_point"
+    output: "dequantization_out"
+    name: "dequantization"
+    op_type: "DequantizeLinear"
+  }
+  node {
+    input: "dequantization_out"
+    input: "x"
+    output: "mul_out"
+    name: "mul"
+    op_type: "Mul"
+  }
+
+  name: "test_graph"
+  input {
+    name: "data"
+    type {
+      tensor_type {
+        elem_type: 1
+        shape {
+          dim {
+            dim_value: 3
+          }
+          dim {
+            dim_value: 3
+          }
+        }
+      }
+    }
+  }
+  input {
+    name: "scale"
+    type {
+      tensor_type {
+        elem_type: 1
+        shape {
+          dim {
+            dim_value: 3
+          }
+        }
+      }
+    }
+  }
+  input {
+    name: "zero_point"
+    type {
+      tensor_type {
+        elem_type: 3
+        shape {
+          dim {
+            dim_value: 3
+          }
+        }
+      }
+    }
+  }
+  input {
+    name: "x"
+    type {
+      tensor_type {
+        elem_type: 1
+        shape {
+          dim {
+            dim_value: 1
+          }
+        }
+      }
+    }
+  }
+
+  output {
+    name: "mul_out"
+    type {
+      tensor_type {
+        elem_type: 1
+        shape {
+          dim {
+            dim_value: 3
+          }
+          dim {
+            dim_value: 3
+          }
+        }
+      }
+    }
+  }
+  initializer {
+    dims: 3
+    data_type: 1
+    name: "scale"
+    float_data: 2
+    float_data: 3
+    float_data: 4
+  }
+  initializer {
+    dims: 3
+    data_type: 2
+    name: "zero_point"
+    int32_data: 10
+    int32_data: 20
+    int32_data: 30
+  }
+}
+opset_import {
+  version: 13
+}
diff --git a/ngraph/test/onnx/onnx_import.in.cpp b/ngraph/test/onnx/onnx_import.in.cpp
index 522c19d90f4..cc0c4840050 100644
--- a/ngraph/test/onnx/onnx_import.in.cpp
+++ b/ngraph/test/onnx/onnx_import.in.cpp
@@ -2447,3 +2447,30 @@ NGRAPH_TEST(${BACKEND_NAME}, onnx_empty_initializers_handling)
 
     test_case.run();
 }
+
+NGRAPH_TEST(${BACKEND_NAME}, quant_dequant_pattern)
+{
+    const auto function = onnx_import::import_onnx_model(
+        file_util::path_join(SERIALIZED_ZOO, "onnx/quant_dequant_pattern.prototxt"));
+    auto test_case = test::TestCase<TestEngine>(function);
+    // scale == 3.0
+    // zero point == 10
+    test_case.add_input<float>({9.0, 10.0, 15.0, 20.0, 30.0});
+    test_case.add_input<float>({1});
+    test_case.add_expected_output<float>(Shape{5}, {9.0, 9.0, 15.0, 21.0, 30.0});
+    test_case.run();
+}
+
+NGRAPH_TEST(${BACKEND_NAME}, quant_dequant_pattern_axis)
+{
+    const auto function = onnx_import::import_onnx_model(
+        file_util::path_join(SERIALIZED_ZOO, "onnx/quant_dequant_pattern_axis.prototxt"));
+    auto test_case = test::TestCase<TestEngine>(function);
+    // axis = 1
+    // scale == {2.0, 3.0, 4.0}
+    // zero point == {10, 20, 30}
+    test_case.add_input<float>({1.0, 2.0, 3.0, 10.0, 20.0, 30.0, 40.0, 50.0, 100.0});
+    test_case.add_expected_output<float>(Shape{3, 3}, {0, 3, 4, 10, 21, 32, 40, 51, 100});
+    test_case.add_input<float>({1});
+    test_case.run();
+}