diff --git a/docs/adr/0002-pre-1-0-deprecation-strategy.md b/docs/adr/0002-pre-1-0-deprecation-strategy.md
new file mode 100644
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@@ -0,0 +1,52 @@
+# Deprecation strategy for current release series (0.x)
+
+* Date: 2020-11-05
+
+Technical Story: https://github.com/theupdateframework/tuf/issues/1127
+
+## Context and Problem Statement
+
+We plan to refactor the reference implementation significantly and, as part of
+that effort, drop support for no-longer maintained versions of Python
+(see ADR 0001).
+
+However, a major user of (and contributor to) the project has users of the
+client stuck on older Python versions.
+
+We would like to define a reasonable support policy for the current, Python 2.7
+supporting, codebase.
+
+## Decision Drivers
+
+* We have finite resources.
+* A major adopter/user of the project has a need to maintain support for
+  Python 2.7 clients.
+
+## Considered Options
+
+* Maintain the code in parallel for a fixed period of time after releasing the
+  refactored code.
+* Abandon the old code once the refactored code is released.
+* Support the old code on a best-effort basis once the refactored code is
+  released.
+
+## Decision Outcome
+
+Chosen option: "Support the old code on a best-effort basis once the refactored
+code is released", because we only have finite resources and want to focus them
+on moving the project forward, including supporting PyPI/pip integration and
+providing a solid implementation for developing specification enhancements in.
+
+We should document this outcome clearly in a governance document describing
+the release process with words along the lines of:
+
+"Support for older releases:
+Bugs reported with tuf versions prior to 1.0.0 will likely not be addressed
+directly by tuf’s maintainers. Pull Requests to fix bugs in the last release
+prior to 1.0.0 will be considered, and merged (subject to normal review
+processes). Note that there may be delays due to the lack of developer resources
+for reviewing such pull requests."
+
+## Links
+
+* [ADR 0001](0001-python-version-3-6-plus.md) Python version
diff --git a/docs/adr/index.md b/docs/adr/index.md
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--- a/docs/adr/index.md
+++ b/docs/adr/index.md
@@ -6,6 +6,7 @@ This log lists the architectural decisions for tuf.
 
 - [ADR-0000](0000-use-markdown-architectural-decision-records.md) - Use Markdown Architectural Decision Records
 - [ADR-0001](0001-python-version-3-6-plus.md) - Default to Python 3.6 or newer for new development
+- [ADR-0002](0002-pre-1-0-deprecation-strategy.md) - Deprecation strategy
 
 <!-- adrlogstop -->