diff --git a/bridge/opentracing/wrapper.go b/bridge/opentracing/wrapper.go
index 5137414ef9a..5f10819809f 100644
--- a/bridge/opentracing/wrapper.go
+++ b/bridge/opentracing/wrapper.go
@@ -16,6 +16,7 @@ package opentracing // import "go.opentelemetry.io/otel/bridge/opentracing"
 
 import (
 	"context"
+	"sync"
 
 	"go.opentelemetry.io/otel/bridge/opentracing/migration"
 	"go.opentelemetry.io/otel/trace"
@@ -46,12 +47,37 @@ func NewWrappedTracerProvider(bridge *BridgeTracer, tracer trace.Tracer) *Wrappe
 	}
 }
 
+type wrappedTracerKey struct {
+	name    string
+	version string
+}
+
 // NewDynamicWrappedTracerProvider creates a new trace provider that creates new
 // instances of WrapperTracer that wraps OpenTelemetry tracer for each call to Tracer().
 func NewDynamicWrappedTracerProvider(bridge *BridgeTracer, provider trace.TracerProvider) *WrapperTracerProvider {
+	var (
+		mtx     sync.Mutex
+		tracers = make(map[wrappedTracerKey]*WrapperTracer)
+	)
+
 	return &WrapperTracerProvider{
 		getWrappedTracer: func(name string, opts ...trace.TracerOption) *WrapperTracer {
-			return NewWrapperTracer(bridge, provider.Tracer(name, opts...))
+			mtx.Lock()
+			defer mtx.Unlock()
+
+			c := trace.NewTracerConfig(opts...)
+			key := wrappedTracerKey{
+				name:    name,
+				version: c.InstrumentationVersion(),
+			}
+
+			if t, ok := tracers[key]; ok {
+				return t
+			}
+
+			wrapper := NewWrapperTracer(bridge, provider.Tracer(name, opts...))
+			tracers[key] = wrapper
+			return wrapper
 		},
 	}
 }
diff --git a/bridge/opentracing/wrapper_test.go b/bridge/opentracing/wrapper_test.go
new file mode 100644
index 00000000000..f98277fc2e2
--- /dev/null
+++ b/bridge/opentracing/wrapper_test.go
@@ -0,0 +1,71 @@
+package opentracing
+
+import (
+	"testing"
+
+	"go.opentelemetry.io/otel/bridge/opentracing/internal"
+	"go.opentelemetry.io/otel/trace"
+)
+
+type namedMockTracer struct {
+	name string
+	*internal.MockTracer
+}
+
+type namedMockTracerProvider struct{}
+
+var _ trace.TracerProvider = (*namedMockTracerProvider)(nil)
+
+// Tracer returns the WrapperTracer associated with the WrapperTracerProvider.
+func (p *namedMockTracerProvider) Tracer(name string, opts ...trace.TracerOption) trace.Tracer {
+	return &namedMockTracer{
+		name:       name,
+		MockTracer: internal.NewMockTracer(),
+	}
+}
+
+func TestDynamicWrappedTracerProvider(t *testing.T) {
+	// assertMockTracerName casts tracer into a named mock tracer provided by
+	// namedMockTracerProvider, and asserts against its name
+	assertMockTracerName := func(t *testing.T, tracer trace.Tracer, name string) {
+		// Unwrap the tracer
+		wrapped := tracer.(*WrapperTracer)
+		tracer = wrapped.tracer
+
+		// Cast into the underlying type and assert
+		if mock, ok := tracer.(*namedMockTracer); ok {
+			if name != mock.name {
+				t.Errorf("expected name %q, got %q", name, mock.name)
+			}
+		} else if !ok {
+			t.Errorf("expected *namedMockTracer, got %T", mock)
+		}
+	}
+
+	var (
+		foobar   = "foobar"
+		bazbar   = "bazbar"
+		provider = NewDynamicWrappedTracerProvider(nil, &namedMockTracerProvider{})
+	)
+
+	t.Run("Tracers should be created with foobar from provider", func(t *testing.T) {
+		tracer := provider.Tracer(foobar)
+		assertMockTracerName(t, tracer, foobar)
+	})
+
+	t.Run("Repeated requests to create a tracer should provide the existing tracer", func(t *testing.T) {
+		tracer1 := provider.Tracer(foobar)
+		assertMockTracerName(t, tracer1, foobar)
+		tracer2 := provider.Tracer(foobar)
+		assertMockTracerName(t, tracer2, foobar)
+		tracer3 := provider.Tracer(bazbar)
+		assertMockTracerName(t, tracer3, bazbar)
+
+		if tracer1 != tracer2 {
+			t.Errorf("expected the same tracer, got different tracers")
+		}
+		if tracer1 == tracer3 || tracer2 == tracer3 {
+			t.Errorf("expected different tracers, got the same tracer")
+		}
+	})
+}