diff --git a/docs/release-notes/.FSharp.Core/9.0.100.md b/docs/release-notes/.FSharp.Core/9.0.100.md
index eb8a8e5b052..9438303a7ed 100644
--- a/docs/release-notes/.FSharp.Core/9.0.100.md
+++ b/docs/release-notes/.FSharp.Core/9.0.100.md
@@ -3,6 +3,7 @@
 ### Added
 
 * Enable C# collection expression support for F# lists & sets. ([Language suggestion #1355](https://github.com/fsharp/fslang-suggestions/issues/1355), [RFC FS-1145 (PR#776)](https://github.com/fsharp/fslang-design/pull/776), [PR #17359](https://github.com/dotnet/fsharp/pull/17359))
+* Add module functions for converting between `'T option` and `'T voption`. ([PR #17436](https://github.com/dotnet/fsharp/pull/17436))
 
 ### Changed
 * Change compiler default setting realsig+ when building assemblies ([Issue #17384](https://github.com/dotnet/fsharp/issues/17384), [PR #17378](https://github.com/dotnet/fsharp/pull/17385))
diff --git a/docs/release-notes/.VisualStudio/17.12.md b/docs/release-notes/.VisualStudio/17.12.md
new file mode 100644
index 00000000000..c247da5870b
--- /dev/null
+++ b/docs/release-notes/.VisualStudio/17.12.md
@@ -0,0 +1,7 @@
+### Fixed
+
+### Added
+
+### Changed
+
+### Breaking Changes
diff --git a/src/FSharp.Core/option.fs b/src/FSharp.Core/option.fs
index 9c441bcad01..ba8256580ec 100644
--- a/src/FSharp.Core/option.fs
+++ b/src/FSharp.Core/option.fs
@@ -178,6 +178,18 @@ module Option =
         | Some x -> x
 #endif
 
+    [<CompiledName("OfValueOption")>]
+    let inline ofValueOption (voption: 'T voption) =
+        match voption with
+        | ValueNone -> None
+        | ValueSome x -> Some x
+
+    [<CompiledName("ToValueOption")>]
+    let inline toValueOption (option: 'T option) =
+        match option with
+        | None -> ValueNone
+        | Some x -> ValueSome x
+
 module ValueOption =
 
     [<CompiledName("GetValue")>]
@@ -355,3 +367,15 @@ module ValueOption =
         | ValueNone -> null
         | ValueSome x -> x
 #endif
+
+    [<CompiledName("OfOption")>]
+    let inline ofOption (option: 'T option) =
+        match option with
+        | None -> ValueNone
+        | Some x -> ValueSome x
+
+    [<CompiledName("ToOption")>]
+    let inline toOption (voption: 'T voption) =
+        match voption with
+        | ValueNone -> None
+        | ValueSome x -> Some x
diff --git a/src/FSharp.Core/option.fsi b/src/FSharp.Core/option.fsi
index 6b9f00be200..57adb485cb4 100644
--- a/src/FSharp.Core/option.fsi
+++ b/src/FSharp.Core/option.fsi
@@ -468,6 +468,36 @@ module Option =
     val inline toObj: value: 'T option -> 'T | null when 'T : not struct (* and 'T : not null *)
 #endif
 
+    /// <summary>Convert a value option to an option.</summary>
+    ///
+    /// <param name="voption">The input value option.</param>
+    ///
+    /// <returns>The resulting option.</returns>
+    ///
+    /// <example id="ofValueOption-1">
+    /// <code lang="fsharp">
+    /// ValueSome 42 |> Option.ofValueOption // evaluates to Some 42
+    /// (ValueNone: int voption) |> Option.ofValueOption // evaluates to None
+    /// </code>
+    /// </example>
+    [<CompiledName("OfValueOption")>]
+    val inline ofValueOption: voption: 'T voption -> 'T option
+
+    /// <summary>Convert an option to a value option.</summary>
+    ///
+    /// <param name="option">The input option.</param>
+    ///
+    /// <returns>The resulting value option.</returns>
+    ///
+    /// <example id="toValueOption-1">
+    /// <code lang="fsharp">
+    /// Some 42 |> Option.toValueOption // evaluates to ValueSome 42
+    /// (None: int option) |> Option.toValueOption // evaluates to ValueNone
+    /// </code>
+    /// </example>
+    [<CompiledName("ToValueOption")>]
+    val inline toValueOption: option: 'T option -> 'T voption
+
 /// <summary>Contains operations for working with value options.</summary>
 ///
 /// <category>Options</category>
@@ -926,3 +956,33 @@ module ValueOption =
     // TODO NULLNESS: assess this change - is it a breaking change?
     val inline toObj: value: 'T voption -> 'T | null when 'T : not struct (* and 'T : not null *)
 #endif
+
+    /// <summary>Convert an option to a value option.</summary>
+    ///
+    /// <param name="option">The input option.</param>
+    ///
+    /// <returns>The resulting value option.</returns>
+    ///
+    /// <example id="ofOption-1">
+    /// <code lang="fsharp">
+    /// Some 42 |> ValueOption.ofOption // evaluates to ValueSome 42
+    /// (None: int option) |> ValueOption.ofOption // evaluates to ValueNone
+    /// </code>
+    /// </example>
+    [<CompiledName("OfOption")>]
+    val inline ofOption: option: 'T option -> 'T voption
+
+    /// <summary>Convert a value option to an option.</summary>
+    ///
+    /// <param name="voption">The input value option.</param>
+    ///
+    /// <returns>The resulting option.</returns>
+    ///
+    /// <example id="toOption-1">
+    /// <code lang="fsharp">
+    /// ValueSome 42 |> ValueOption.toOption // evaluates to Some 42
+    /// (ValueNone: int voption) |> ValueOption.toOption // evaluates to None
+    /// </code>
+    /// </example>
+    [<CompiledName("ToOption")>]
+    val inline toOption: voption: 'T voption -> 'T option
diff --git a/tests/FSharp.Core.UnitTests/FSharp.Core.SurfaceArea.netstandard20.release.bsl b/tests/FSharp.Core.UnitTests/FSharp.Core.SurfaceArea.netstandard20.release.bsl
index 3da2e0a5a4d..cac2ceae8ed 100644
--- a/tests/FSharp.Core.UnitTests/FSharp.Core.SurfaceArea.netstandard20.release.bsl
+++ b/tests/FSharp.Core.UnitTests/FSharp.Core.SurfaceArea.netstandard20.release.bsl
@@ -2016,8 +2016,10 @@ Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] Filt
 Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] Flatten[T](Microsoft.FSharp.Core.FSharpOption`1[Microsoft.FSharp.Core.FSharpOption`1[T]])
 Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] OfNullable[T](System.Nullable`1[T])
 Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] OfObj[T](T)
+Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] OfValueOption[T](Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] OrElseWith[T](Microsoft.FSharp.Core.FSharpFunc`2[Microsoft.FSharp.Core.Unit,Microsoft.FSharp.Core.FSharpOption`1[T]], Microsoft.FSharp.Core.FSharpOption`1[T])
 Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] OrElse[T](Microsoft.FSharp.Core.FSharpOption`1[T], Microsoft.FSharp.Core.FSharpOption`1[T])
+Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpValueOption`1[T] ToValueOption[T](Microsoft.FSharp.Core.FSharpOption`1[T])
 Microsoft.FSharp.Core.OptionModule: System.Nullable`1[T] ToNullable[T](Microsoft.FSharp.Core.FSharpOption`1[T])
 Microsoft.FSharp.Core.OptionModule: T DefaultValue[T](T, Microsoft.FSharp.Core.FSharpOption`1[T])
 Microsoft.FSharp.Core.OptionModule: T DefaultWith[T](Microsoft.FSharp.Core.FSharpFunc`2[Microsoft.FSharp.Core.Unit,T], Microsoft.FSharp.Core.FSharpOption`1[T])
@@ -2124,6 +2126,7 @@ Microsoft.FSharp.Core.ValueOption: Boolean IsNone[T](Microsoft.FSharp.Core.FShar
 Microsoft.FSharp.Core.ValueOption: Boolean IsSome[T](Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.ValueOption: Int32 Count[T](Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Collections.FSharpList`1[T] ToList[T](Microsoft.FSharp.Core.FSharpValueOption`1[T])
+Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpOption`1[T] ToOption[T](Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[TResult] Bind[T,TResult](Microsoft.FSharp.Core.FSharpFunc`2[T,Microsoft.FSharp.Core.FSharpValueOption`1[TResult]], Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[TResult] Map2[T1,T2,TResult](Microsoft.FSharp.Core.FSharpFunc`2[T1,Microsoft.FSharp.Core.FSharpFunc`2[T2,TResult]], Microsoft.FSharp.Core.FSharpValueOption`1[T1], Microsoft.FSharp.Core.FSharpValueOption`1[T2])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[TResult] Map3[T1,T2,T3,TResult](Microsoft.FSharp.Core.FSharpFunc`2[T1,Microsoft.FSharp.Core.FSharpFunc`2[T2,Microsoft.FSharp.Core.FSharpFunc`2[T3,TResult]]], Microsoft.FSharp.Core.FSharpValueOption`1[T1], Microsoft.FSharp.Core.FSharpValueOption`1[T2], Microsoft.FSharp.Core.FSharpValueOption`1[T3])
@@ -2132,6 +2135,7 @@ Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T]
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T] Flatten[T](Microsoft.FSharp.Core.FSharpValueOption`1[Microsoft.FSharp.Core.FSharpValueOption`1[T]])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T] OfNullable[T](System.Nullable`1[T])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T] OfObj[T](T)
+Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T] OfOption[T](Microsoft.FSharp.Core.FSharpOption`1[T])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T] OrElseWith[T](Microsoft.FSharp.Core.FSharpFunc`2[Microsoft.FSharp.Core.Unit,Microsoft.FSharp.Core.FSharpValueOption`1[T]], Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T] OrElse[T](Microsoft.FSharp.Core.FSharpValueOption`1[T], Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.ValueOption: System.Nullable`1[T] ToNullable[T](Microsoft.FSharp.Core.FSharpValueOption`1[T])
diff --git a/tests/FSharp.Core.UnitTests/FSharp.Core.SurfaceArea.netstandard21.release.bsl b/tests/FSharp.Core.UnitTests/FSharp.Core.SurfaceArea.netstandard21.release.bsl
index aafb3256de6..b17d1201a5a 100644
--- a/tests/FSharp.Core.UnitTests/FSharp.Core.SurfaceArea.netstandard21.release.bsl
+++ b/tests/FSharp.Core.UnitTests/FSharp.Core.SurfaceArea.netstandard21.release.bsl
@@ -2019,8 +2019,10 @@ Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] Filt
 Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] Flatten[T](Microsoft.FSharp.Core.FSharpOption`1[Microsoft.FSharp.Core.FSharpOption`1[T]])
 Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] OfNullable[T](System.Nullable`1[T])
 Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] OfObj[T](T)
+Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] OfValueOption[T](Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] OrElseWith[T](Microsoft.FSharp.Core.FSharpFunc`2[Microsoft.FSharp.Core.Unit,Microsoft.FSharp.Core.FSharpOption`1[T]], Microsoft.FSharp.Core.FSharpOption`1[T])
 Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpOption`1[T] OrElse[T](Microsoft.FSharp.Core.FSharpOption`1[T], Microsoft.FSharp.Core.FSharpOption`1[T])
+Microsoft.FSharp.Core.OptionModule: Microsoft.FSharp.Core.FSharpValueOption`1[T] ToValueOption[T](Microsoft.FSharp.Core.FSharpOption`1[T])
 Microsoft.FSharp.Core.OptionModule: System.Nullable`1[T] ToNullable[T](Microsoft.FSharp.Core.FSharpOption`1[T])
 Microsoft.FSharp.Core.OptionModule: T DefaultValue[T](T, Microsoft.FSharp.Core.FSharpOption`1[T])
 Microsoft.FSharp.Core.OptionModule: T DefaultWith[T](Microsoft.FSharp.Core.FSharpFunc`2[Microsoft.FSharp.Core.Unit,T], Microsoft.FSharp.Core.FSharpOption`1[T])
@@ -2127,6 +2129,7 @@ Microsoft.FSharp.Core.ValueOption: Boolean IsNone[T](Microsoft.FSharp.Core.FShar
 Microsoft.FSharp.Core.ValueOption: Boolean IsSome[T](Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.ValueOption: Int32 Count[T](Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Collections.FSharpList`1[T] ToList[T](Microsoft.FSharp.Core.FSharpValueOption`1[T])
+Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpOption`1[T] ToOption[T](Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[TResult] Bind[T,TResult](Microsoft.FSharp.Core.FSharpFunc`2[T,Microsoft.FSharp.Core.FSharpValueOption`1[TResult]], Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[TResult] Map2[T1,T2,TResult](Microsoft.FSharp.Core.FSharpFunc`2[T1,Microsoft.FSharp.Core.FSharpFunc`2[T2,TResult]], Microsoft.FSharp.Core.FSharpValueOption`1[T1], Microsoft.FSharp.Core.FSharpValueOption`1[T2])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[TResult] Map3[T1,T2,T3,TResult](Microsoft.FSharp.Core.FSharpFunc`2[T1,Microsoft.FSharp.Core.FSharpFunc`2[T2,Microsoft.FSharp.Core.FSharpFunc`2[T3,TResult]]], Microsoft.FSharp.Core.FSharpValueOption`1[T1], Microsoft.FSharp.Core.FSharpValueOption`1[T2], Microsoft.FSharp.Core.FSharpValueOption`1[T3])
@@ -2135,6 +2138,7 @@ Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T]
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T] Flatten[T](Microsoft.FSharp.Core.FSharpValueOption`1[Microsoft.FSharp.Core.FSharpValueOption`1[T]])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T] OfNullable[T](System.Nullable`1[T])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T] OfObj[T](T)
+Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T] OfOption[T](Microsoft.FSharp.Core.FSharpOption`1[T])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T] OrElseWith[T](Microsoft.FSharp.Core.FSharpFunc`2[Microsoft.FSharp.Core.Unit,Microsoft.FSharp.Core.FSharpValueOption`1[T]], Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.ValueOption: Microsoft.FSharp.Core.FSharpValueOption`1[T] OrElse[T](Microsoft.FSharp.Core.FSharpValueOption`1[T], Microsoft.FSharp.Core.FSharpValueOption`1[T])
 Microsoft.FSharp.Core.ValueOption: System.Nullable`1[T] ToNullable[T](Microsoft.FSharp.Core.FSharpValueOption`1[T])
diff --git a/tests/FSharp.Core.UnitTests/FSharp.Core/Microsoft.FSharp.Core/OptionModule.fs b/tests/FSharp.Core.UnitTests/FSharp.Core/Microsoft.FSharp.Core/OptionModule.fs
index 9a566f5361d..106a1f5d7af 100644
--- a/tests/FSharp.Core.UnitTests/FSharp.Core/Microsoft.FSharp.Core/OptionModule.fs
+++ b/tests/FSharp.Core.UnitTests/FSharp.Core/Microsoft.FSharp.Core/OptionModule.fs
@@ -142,6 +142,13 @@ type OptionModule() =
         Assert.True( Option.ofObj<string[]> null = None)
         Assert.True( Option.ofObj<int[]> null = None)
 
+    [<Fact>]
+    member this.OfToValueOption() =
+        Assert.Equal(ValueSome 3, Option.toValueOption (Some 3))
+        Assert.Equal(ValueNone, Option.toValueOption (None: int option))
+        Assert.Equal(Some 3, Option.ofValueOption (ValueSome 3))
+        Assert.Equal(None, Option.ofValueOption (ValueNone: int voption))
+
     [<Fact>]
     member this.DefaultValue() =
         Assert.AreEqual( Option.defaultValue 3 None, 3)
@@ -380,6 +387,13 @@ type ValueOptionTests() =
         Assert.True(ValueOption.ofObj<string[]> null = ValueNone)
         Assert.True(ValueOption.ofObj<int[]> null = ValueNone)
 
+    [<Fact>]
+    member this.OfToOption() =
+        Assert.Equal(Some 3, ValueOption.toOption (ValueSome 3))
+        Assert.Equal(None, ValueOption.toOption (ValueNone: int voption))
+        Assert.Equal(ValueSome 3, ValueOption.ofOption (Some 3))
+        Assert.Equal(ValueNone, ValueOption.ofOption (None: int option))
+     
     [<Fact>]
     member this.DefaultValue() =
         Assert.AreEqual(ValueOption.defaultValue 3 ValueNone, 3)