diff --git a/src/audio/module_adapter/module/waves/waves.c b/src/audio/module_adapter/module/waves/waves.c
index ab178b022eb9..02609f424c57 100644
--- a/src/audio/module_adapter/module/waves/waves.c
+++ b/src/audio/module_adapter/module/waves/waves.c
@@ -41,7 +41,9 @@ struct waves_codec_data {
 	uint32_t                response_max_bytes;
 	uint32_t                request_max_bytes;
 	void                    *response;
-	struct module_config setup_cfg;
+	struct module_config    setup_cfg;
+	uint32_t                config_blob_size;
+	void                    *config_blob;
 };
 
 enum waves_codec_params {
@@ -456,6 +458,50 @@ static int waves_effect_revision(struct processing_module *mod)
 	return 0;
 }
 
+/* cache config blob*/
+static int waves_effect_cache_config_blob(struct processing_module *mod, void *data, uint32_t size)
+{
+	struct comp_dev *dev = mod->dev;
+	struct module_data *codec = &mod->priv;
+	struct waves_codec_data *waves_codec = codec->private;
+	int ret = 0;
+
+	comp_dbg(dev, "waves_effect_cache_config_blob() start");
+
+	/* release old cached config blob*/
+	if (waves_codec->config_blob && size != waves_codec->config_blob_size) {
+		comp_info(dev, "waves_effect_cache_config_blob() release blob");
+		module_free_memory(mod, waves_codec->config_blob);
+		waves_codec->config_blob = NULL;
+		waves_codec->config_blob_size = 0;
+	}
+
+	if (!waves_codec->config_blob) {
+		waves_codec->config_blob = module_allocate_memory(mod, size, 16);
+		if (!waves_codec->config_blob) {
+			comp_err(dev,
+				"waves_effect_cache_config_blob() failed to allocate %d bytes for config blob",
+				size);
+			ret = -ENOMEM;
+		} else {
+			waves_codec->config_blob_size = size;
+			memset(waves_codec->config_blob, 0, size);
+			ret = memcpy_s(waves_codec->config_blob, waves_codec->config_blob_size,
+					data, size);
+			if (ret) {
+				comp_err(dev,
+					"waves_effect_cache_config_blob(): failed to copy config blob %d",
+					ret);
+				module_free_memory(mod, waves_codec->config_blob);
+				waves_codec->config_blob_size = 0;
+				ret = -ENOMEM;
+			}
+		}
+	}
+	comp_dbg(dev, "waves_effect_cache_config_blob() done");
+	return ret;
+}
+
 /* apply MaxxEffect message */
 static int waves_effect_message(struct processing_module *mod, void *data, uint32_t size)
 {
@@ -492,6 +538,16 @@ static int waves_effect_message(struct processing_module *mod, void *data, uint3
 	return 0;
 }
 
+static int waves_handle_param_message(struct processing_module *mod, void *data, uint32_t size)
+{
+	int ret = waves_effect_message(mod, data, size);
+
+	if (!ret)
+		ret = waves_effect_cache_config_blob(mod, data, size);
+
+	return ret;
+}
+
 /* apply codec config */
 static int waves_effect_config(struct processing_module *mod)
 {
@@ -544,7 +600,7 @@ static int waves_effect_config(struct processing_module *mod)
 			comp_info(dev, "waves_codec_configure() NOP");
 			break;
 		case PARAM_MESSAGE:
-			ret = waves_effect_message(mod, param->data, param_data_size);
+			ret = waves_handle_param_message(mod, param->data, param_data_size);
 			break;
 		case PARAM_REVISION:
 			ret = waves_effect_revision(mod);
@@ -637,6 +693,10 @@ static int waves_codec_init(struct processing_module *mod)
 			return ret;
 		}
 		setup_cfg->avail = true;
+
+		/* init config_blob */
+		waves_codec->config_blob = NULL;
+		waves_codec->config_blob_size = 0;
 	}
 
 	ret = MaxxEffect_GetMessageMaxSize(waves_codec->effect, &waves_codec->request_max_bytes,
@@ -659,6 +719,23 @@ static int waves_codec_init(struct processing_module *mod)
 	return ret;
 }
 
+/* apply config blob */
+static int waves_effect_apply_config_blob_cache(struct processing_module *mod)
+{
+	struct comp_dev *dev = mod->dev;
+	struct module_data *codec = &mod->priv;
+	struct waves_codec_data *waves_codec = codec->private;
+	int ret = 0;
+
+	comp_dbg(dev, "waves_effect_apply_config_blob_cache()");
+
+	if (waves_codec->config_blob) {
+		ret = waves_effect_message(mod, waves_codec->config_blob,
+				waves_codec->config_blob_size);
+	}
+	return ret;
+}
+
 static int waves_codec_prepare(struct processing_module *mod,
 			       struct sof_source **sources, int num_of_sources,
 			       struct sof_sink **sinks, int num_of_sinks)
@@ -669,21 +746,31 @@ static int waves_codec_prepare(struct processing_module *mod,
 	comp_dbg(dev, "waves_codec_prepare() start");
 
 	ret = waves_effect_check(dev);
+	if (ret)
+		goto error;
 
-	if (!ret)
-		ret = waves_effect_init(mod);
+	ret = waves_effect_init(mod);
+	if (ret)
+		goto error;
 
-	if (!ret)
-		ret = waves_effect_buffers(mod);
+	ret = waves_effect_buffers(mod);
+	if (ret)
+		goto error;
 
-	if (!ret)
-		ret = waves_effect_setup_config(mod);
+	ret = waves_effect_setup_config(mod);
+	if (ret)
+		goto error;
 
+	ret = waves_effect_apply_config_blob_cache(mod);
 	if (ret)
-		comp_err(dev, "waves_codec_prepare() failed %d", ret);
+		goto error;
 
 	comp_dbg(dev, "waves_codec_prepare() done");
 	return ret;
+
+error:
+	comp_err(dev, "waves_codec_prepare() failed %d", ret);
+	return ret;
 }
 
 static int waves_codec_init_process(struct processing_module *mod)