diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2d2e87f01..a317be09d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,7 @@
 ## neptune 1.12.0
 
 ### Changes
+- Added deprecation notice to model/model_version endpoints ([#1876](https://github.com/neptune-ai/neptune-client/pull/1876))
 - Dropped support for Python 3.7 ([#1864](https://github.com/neptune-ai/neptune-client/pull/1864))
 
 ### Fixes
diff --git a/src/neptune/internal/utils/deprecation.py b/src/neptune/internal/utils/deprecation.py
index 36d67ab45..2bb7bc996 100644
--- a/src/neptune/internal/utils/deprecation.py
+++ b/src/neptune/internal/utils/deprecation.py
@@ -46,7 +46,11 @@ def deco(f):
         def inner(*args, **kwargs):
             if deprecated_kwarg_name in kwargs:
                 if required_kwarg_name in kwargs:
-                    raise NeptuneParametersCollision(required_kwarg_name, deprecated_kwarg_name, method_name=f.__name__)
+                    raise NeptuneParametersCollision(
+                        required_kwarg_name,
+                        deprecated_kwarg_name,
+                        method_name=f.__name__,
+                    )
 
                 warn_once(
                     message=f"Parameter `{deprecated_kwarg_name}` is deprecated, use `{required_kwarg_name}` instead."
@@ -61,3 +65,17 @@ def inner(*args, **kwargs):
         return inner
 
     return deco
+
+
+def model_registry_deprecation(func):
+    @wraps(func)
+    def inner(*args, **kwargs):
+        warn_once(
+            "Neptune's model registry has been deprecated and will be removed in a future release."
+            "Use runs to store model metadata instead. For more, see https://docs.neptune.ai/model_registry/."
+            "If you are already using the model registry, you can migrate existing metadata to runs."
+            "Learn how: https://docs.neptune.ai/model_registry/migrate_to_runs/."
+        )
+        return func(*args, **kwargs)
+
+    return inner
diff --git a/src/neptune/metadata_containers/model.py b/src/neptune/metadata_containers/model.py
index b32827c5e..66e8cddcd 100644
--- a/src/neptune/metadata_containers/model.py
+++ b/src/neptune/metadata_containers/model.py
@@ -54,6 +54,7 @@
 )
 from neptune.internal.state import ContainerState
 from neptune.internal.utils import verify_type
+from neptune.internal.utils.deprecation import model_registry_deprecation
 from neptune.internal.utils.ping_background_job import PingBackgroundJob
 from neptune.metadata_containers import MetadataContainer
 from neptune.metadata_containers.abstract import NeptuneObjectCallback
@@ -165,6 +166,7 @@ class Model(MetadataContainer):
 
     container_type = ContainerType.MODEL
 
+    @model_registry_deprecation
     def __init__(
         self,
         with_id: Optional[str] = None,
@@ -262,6 +264,7 @@ def get_url(self) -> str:
             sys_id=self._sys_id,
         )
 
+    @model_registry_deprecation
     def fetch_model_versions_table(
         self,
         *,
diff --git a/src/neptune/metadata_containers/model_version.py b/src/neptune/metadata_containers/model_version.py
index 9159e459a..333673c4a 100644
--- a/src/neptune/metadata_containers/model_version.py
+++ b/src/neptune/metadata_containers/model_version.py
@@ -49,6 +49,7 @@
 from neptune.internal.operation_processors.offline_operation_processor import OfflineOperationProcessor
 from neptune.internal.state import ContainerState
 from neptune.internal.utils import verify_type
+from neptune.internal.utils.deprecation import model_registry_deprecation
 from neptune.internal.utils.ping_background_job import PingBackgroundJob
 from neptune.metadata_containers import MetadataContainer
 from neptune.metadata_containers.abstract import NeptuneObjectCallback
@@ -160,6 +161,7 @@ class ModelVersion(MetadataContainer):
 
     container_type = ContainerType.MODEL_VERSION
 
+    @model_registry_deprecation
     def __init__(
         self,
         with_id: Optional[str] = None,
diff --git a/src/neptune/metadata_containers/project.py b/src/neptune/metadata_containers/project.py
index db06a3c84..d91963546 100644
--- a/src/neptune/metadata_containers/project.py
+++ b/src/neptune/metadata_containers/project.py
@@ -41,6 +41,7 @@
     verify_type,
     verify_value,
 )
+from neptune.internal.utils.deprecation import model_registry_deprecation
 from neptune.metadata_containers import MetadataContainer
 from neptune.metadata_containers.abstract import NeptuneObjectCallback
 from neptune.metadata_containers.utils import (
@@ -330,6 +331,7 @@ def fetch_runs_table(
             progress_bar=progress_bar,
         )
 
+    @model_registry_deprecation
     def fetch_models_table(
         self,
         *,