diff --git a/changelogs/fragments/270_add_additional_storage_classes_to_S3_lifecycle_transition_list.yml b/changelogs/fragments/270_add_additional_storage_classes_to_S3_lifecycle_transition_list.yml
new file mode 100644
index 00000000000..ac1d6306704
--- /dev/null
+++ b/changelogs/fragments/270_add_additional_storage_classes_to_S3_lifecycle_transition_list.yml
@@ -0,0 +1,2 @@
+minor_changes:
+  - s3_lifecycle - Add support for intelligent tiering and deep archive storage classes (https://github.com/ansible-collections/community.aws/issues/270)
diff --git a/plugins/modules/s3_lifecycle.py b/plugins/modules/s3_lifecycle.py
index a2518a88570..5edceea50bf 100644
--- a/plugins/modules/s3_lifecycle.py
+++ b/plugins/modules/s3_lifecycle.py
@@ -56,7 +56,7 @@
     description:
       - 'Transition noncurrent versions to this storage class'
     default: glacier
-    choices: ['glacier', 'onezone_ia', 'standard_ia']
+    choices: ['glacier', 'onezone_ia', 'standard_ia', 'intelligent_tiering', 'deep_archive']
     required: false
     type: str
   noncurrent_version_transition_days:
@@ -91,10 +91,10 @@
     type: str
   storage_class:
     description:
-      - "The storage class to transition to. Currently there are two supported values - 'glacier',  'onezone_ia', or 'standard_ia'."
+      - "The storage class to transition to."
       - "The 'standard_ia' class is only being available from Ansible version 2.2."
     default: glacier
-    choices: [ 'glacier', 'onezone_ia', 'standard_ia']
+    choices: [ 'glacier', 'onezone_ia', 'standard_ia', 'intelligent_tiering', 'deep_archive']
     type: str
   transition_date:
     description:
@@ -437,12 +437,13 @@ def destroy_lifecycle_rule(client, module):
 
 
 def main():
+    s3_storage_class = ['glacier', 'onezone_ia', 'standard_ia', 'intelligent_tiering', 'deep_archive']
     argument_spec = dict(
         name=dict(required=True, type='str'),
         expiration_days=dict(type='int'),
         expiration_date=dict(),
         noncurrent_version_expiration_days=dict(type='int'),
-        noncurrent_version_storage_class=dict(default='glacier', type='str', choices=['glacier', 'onezone_ia', 'standard_ia']),
+        noncurrent_version_storage_class=dict(default='glacier', type='str', choices=s3_storage_class),
         noncurrent_version_transition_days=dict(type='int'),
         noncurrent_version_transitions=dict(type='list', elements='dict'),
         prefix=dict(),
@@ -450,7 +451,7 @@ def main():
         rule_id=dict(),
         state=dict(default='present', choices=['present', 'absent']),
         status=dict(default='enabled', choices=['enabled', 'disabled']),
-        storage_class=dict(default='glacier', type='str', choices=['glacier', 'onezone_ia', 'standard_ia']),
+        storage_class=dict(default='glacier', type='str', choices=s3_storage_class),
         transition_days=dict(type='int'),
         transition_date=dict(),
         transitions=dict(type='list', elements='dict'),