diff --git a/src/common/transformations/include/ov_ops/lora_subgraph.hpp b/src/common/transformations/include/ov_ops/lora_subgraph.hpp
new file mode 100644
index 00000000000000..6776ae57334221
--- /dev/null
+++ b/src/common/transformations/include/ov_ops/lora_subgraph.hpp
@@ -0,0 +1,28 @@
+// Copyright (C) 2024 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#pragma once
+
+#include "openvino/op/op.hpp"
+#include "openvino/op/util/sub_graph_base.hpp"
+#include "transformations_visibility.hpp"
+
+namespace ov {
+namespace op {
+namespace internal {
+
+class TRANSFORMATIONS_API LoraSubgraph : public ov::op::util::SubGraphOp {
+public:
+    OPENVINO_OP("LoraSubgraph", "ie_internal_opset");
+
+    LoraSubgraph() = default;
+    LoraSubgraph(const OutputVector& args, const std::shared_ptr<ov::Model>& body);
+
+    void validate_and_infer_types() override;
+    std::shared_ptr<Node> clone_with_new_inputs(const ov::OutputVector& new_args) const override;
+};
+
+}  // namespace internal
+}  // namespace op
+}  // namespace ov
diff --git a/src/common/transformations/include/transformations/common_optimizations/lora_subgraph_fusion.hpp b/src/common/transformations/include/transformations/common_optimizations/lora_subgraph_fusion.hpp
new file mode 100644
index 00000000000000..a37bb98fa18cab
--- /dev/null
+++ b/src/common/transformations/include/transformations/common_optimizations/lora_subgraph_fusion.hpp
@@ -0,0 +1,29 @@
+// Copyright (C) 2024 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#pragma once
+
+#include <memory>
+#include <vector>
+
+#include "openvino/pass/matcher_pass.hpp"
+#include "transformations_visibility.hpp"
+
+namespace ov {
+namespace pass {
+
+class TRANSFORMATIONS_API LoraSubgraphFusion;
+
+}  // namespace pass
+}  // namespace ov
+
+/**
+ * @ingroup ov_transformation_common_api
+ * @brief
+ */
+class ov::pass::LoraSubgraphFusion : public ov::pass::MatcherPass {
+public:
+    OPENVINO_RTTI("LoraSubgraphFusion", "0");
+    LoraSubgraphFusion();
+};
diff --git a/src/common/transformations/src/ov_ops/lora_subgraph.cpp b/src/common/transformations/src/ov_ops/lora_subgraph.cpp
new file mode 100644
index 00000000000000..6620ee4e82389c
--- /dev/null
+++ b/src/common/transformations/src/ov_ops/lora_subgraph.cpp
@@ -0,0 +1,69 @@
+// Copyright (C) 2024 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#include "ov_ops/lora_subgraph.hpp"
+
+#include "openvino/core/partial_shape.hpp"
+
+namespace ov {
+namespace op {
+namespace internal {
+
+LoraSubgraph::LoraSubgraph(const OutputVector& args, const std::shared_ptr<ov::Model>& body) : SubGraphOp(args) {
+    SubGraphOp::set_function(body);
+    for (size_t i = 0; i < body->get_parameters().size(); ++i)
+        m_input_descriptions[0].push_back(std::make_shared<InvariantInputDescription>(i, i));
+    for (size_t i = 0; i < body->get_output_size(); ++i)
+        m_output_descriptions[0].push_back(std::make_shared<BodyOutputDescription>(i, i));
+    constructor_validate_and_infer_types();
+}
+
+std::shared_ptr<Node> LoraSubgraph::clone_with_new_inputs(const OutputVector& new_args) const {
+    check_new_args_count(this, new_args);
+    return std::make_shared<LoraSubgraph>(new_args, get_function()->clone());
+}
+
+void LoraSubgraph::validate_and_infer_types() {
+    std::unordered_map<size_t, PartialShape> shape_map;
+    std::unordered_map<size_t, element::Type> type_map;
+    auto body = get_function();
+    OPENVINO_ASSERT(body);
+    validate_and_infer_type_body(body, m_input_descriptions[0]);
+
+    for (const auto& item : get_mapping_outputs_on_body_description(m_output_descriptions[0])) {
+        auto output_index = item.first;
+        auto desc = item.second;
+        auto node_result = body->get_results().at(desc->m_body_value_index)->input_value(0);
+        auto pshape = PartialShape::dynamic();
+        if (shape_map.count(output_index)) {
+            pshape = shape_map.at(output_index);
+        }
+        // TODO: should we support fully dynamic shape/element type?
+        if (PartialShape::merge_into(pshape, node_result.get_partial_shape())) {
+            shape_map[output_index] = std::move(pshape);
+        } else {
+            shape_map[output_index] = PartialShape::dynamic();
+        }
+        auto type = element::dynamic;
+        if (type_map.count(output_index)) {
+            type = type_map.at(output_index);
+        }
+        if (element::Type::merge(type, type, node_result.get_element_type())) {
+            type_map[output_index] = type;
+        } else {
+            type_map[output_index] = element::dynamic;
+        }
+    }
+    for (const auto& item : shape_map) {
+        auto output_index = item.first;
+        NODE_VALIDATION_CHECK(this,
+                              type_map.count(output_index) != 0,
+                              "Type map must contain same outputs as shape map");
+        set_output_type(output_index, type_map.at(output_index), item.second);
+    }
+}
+
+}  // namespace internal
+}  // namespace op
+}  // namespace ov
diff --git a/src/common/transformations/src/transformations/common_optimizations/lora_subgraph_fusion.cpp b/src/common/transformations/src/transformations/common_optimizations/lora_subgraph_fusion.cpp
new file mode 100644
index 00000000000000..ef16871404331c
--- /dev/null
+++ b/src/common/transformations/src/transformations/common_optimizations/lora_subgraph_fusion.cpp
@@ -0,0 +1,87 @@
+// Copyright (C) 2024 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#include "transformations/common_optimizations/lora_subgraph_fusion.hpp"
+
+#include <memory>
+#include <vector>
+
+#include "itt.hpp"
+#include "openvino/core/rt_info.hpp"
+#include "openvino/op/add.hpp"
+#include "openvino/op/convolution.hpp"
+#include "openvino/op/matmul.hpp"
+#include "openvino/op/multiply.hpp"
+#include "openvino/op/parameter.hpp"
+#include "openvino/op/transpose.hpp"
+#include "openvino/op/util/read_value_base.hpp"
+#include "openvino/pass/pattern/op/optional.hpp"
+#include "openvino/pass/pattern/op/wrap_type.hpp"
+#include "ov_ops/lora_subgraph.hpp"
+#include "transformations/utils/utils.hpp"
+
+ov::pass::LoraSubgraphFusion::LoraSubgraphFusion() {
+    MATCHER_SCOPE(LoraSubgraphFusion);
+    using namespace pass::pattern;
+    auto input_m = any_input();
+    auto transpose_const1_m = wrap_type<ov::op::v0::Constant>();
+    auto transpose1_m = optional<ov::op::v1::Transpose>({input_m, transpose_const1_m}, consumers_count(1));
+    auto read_value1_m = wrap_type<ov::op::util::ReadValueBase>();
+    auto matmul1_m = wrap_type<ov::op::v0::MatMul>({transpose1_m, read_value1_m}, consumers_count(1));
+    auto read_value2_m = wrap_type<ov::op::util::ReadValueBase>();
+    auto multiply_m = wrap_type<ov::op::v1::Multiply>({matmul1_m, read_value2_m}, consumers_count(1));
+    auto read_value3_m = wrap_type<ov::op::util::ReadValueBase>();
+    auto matmul2_m = wrap_type<ov::op::v0::MatMul>({multiply_m, read_value3_m}, consumers_count(1));
+    auto transpose_const2_m = wrap_type<ov::op::v0::Constant>(consumers_count(1));
+    auto transpose2_m = optional<ov::op::v1::Transpose>({matmul2_m, transpose_const2_m}, consumers_count(1));
+    auto external_matmul_m = wrap_type<ov::op::v0::MatMul, ov::op::v1::Convolution>({input_m, any_input()});
+    auto add_m = wrap_type<ov::op::v1::Add>({transpose2_m, external_matmul_m});
+
+    ov::matcher_pass_callback callback = [OV_CAPTURE_CPY_AND_THIS](Matcher& m) {
+        const auto& pattern_map = m.get_pattern_value_map();
+        const auto& input = pattern_map.at(input_m);
+        const auto& read_value1 = pattern_map.at(read_value1_m);
+        const auto& read_value2 = pattern_map.at(read_value2_m);
+        const auto& read_value3 = pattern_map.at(read_value3_m);
+        const auto& external_matmul = pattern_map.at(external_matmul_m);
+
+        const auto& matmul1_node = pattern_map.at(matmul1_m).get_node_shared_ptr();
+        const auto& multiply_node = pattern_map.at(multiply_m).get_node_shared_ptr();
+        const auto& matmul2_node = pattern_map.at(matmul2_m).get_node_shared_ptr();
+        const auto& add_node = pattern_map.at(add_m).get_node_shared_ptr();
+
+        // Need to collect exactly inputs, not outputs
+        // Inputs - for internal body
+        // Outputs - for LoraSubgraph connection with the model
+        std::vector<ov::Input<ov::Node>> inputs{
+            pattern_map.count(transpose1_m) ? pattern_map.at(transpose1_m).get_node()->input(0) : matmul1_node->input(0),
+            matmul1_node->input(1),
+            multiply_node->input(1),
+            matmul2_node->input(1),
+            add_node->input(0),
+        };
+        ov::OutputVector lora_inputs{
+                                     input,
+                                     read_value1,
+                                     read_value2,
+                                     read_value3,
+                                     external_matmul,
+                                     };
+        const auto& last_out_to_replace = add_node;
+
+        ov::ParameterVector subgraph_parameters;
+        subgraph_parameters.reserve(inputs.size());
+        for (auto& input : inputs) {
+            const auto new_parameter = std::make_shared<ov::op::v0::Parameter>(input.get_element_type(), input.get_partial_shape());
+            subgraph_parameters.push_back(new_parameter);
+            input.replace_source_output(new_parameter);
+        }
+        auto lora_subgraph = std::make_shared<ov::Model>(ov::OutputVector{last_out_to_replace}, subgraph_parameters)->clone();
+        const auto lora_node = std::make_shared<ov::op::internal::LoraSubgraph>(lora_inputs, lora_subgraph);
+        return ov::replace_output_update_name(last_out_to_replace, lora_node->output(0));
+    };
+
+    auto m = std::make_shared<Matcher>(add_m, matcher_name);
+    this->register_matcher(m, callback);
+}
diff --git a/src/plugins/intel_cpu/src/transformations/transformation_pipeline.cpp b/src/plugins/intel_cpu/src/transformations/transformation_pipeline.cpp
index abf1ad8f283205..18edf19ef0c210 100644
--- a/src/plugins/intel_cpu/src/transformations/transformation_pipeline.cpp
+++ b/src/plugins/intel_cpu/src/transformations/transformation_pipeline.cpp
@@ -37,6 +37,7 @@
 #include "transformations/common_optimizations/move_eltwise_up_data_movement.hpp"
 #include "transformations/common_optimizations/mark_rope_input_to_keep_in_mixed_precision.hpp"
 #include "transformations/common_optimizations/rms_fusion.hpp"
+#include "transformations/common_optimizations/lora_subgraph_fusion.hpp"
 #include "transformations/control_flow/unroll_tensor_iterator.hpp"
 #include "transformations/fp16_compression/mark_decompression_convert_constant_folding.hpp"
 #include "transformations/fp16_compression/mark_floatpoint_range.hpp"
@@ -171,6 +172,8 @@
 #endif
 #include "openvino/core/validation_util.hpp"
 
+#include "ov_ops/lora_subgraph.hpp"
+
 namespace ov {
 namespace intel_cpu {
 
@@ -679,6 +682,8 @@ void Transformations::PreLpt(const std::vector<ov::element::Type>& defaultPrecis
     CPU_REGISTER_PASS_COMMON(manager, ov::pass::EnableDecompressionConvertConstantFolding);
     CPU_REGISTER_PASS_COMMON(manager, ov::pass::KeepConstAndDecompression);
     CPU_REGISTER_PASS_COMMON(manager, ov::pass::ConstantFolding);
+    CPU_REGISTER_PASS_COMMON(manager, ov::pass::LoraSubgraphFusion);
+    CPU_REGISTER_PASS_COMMON(manager, ov::pass::Validate);
 
     manager.run_passes(model);
 }