diff --git a/docs/template_plugin/backend/evaluates_map.cpp b/docs/template_plugin/backend/evaluates_map.cpp
index 3b560f11e7d..49e32187b62 100644
--- a/docs/template_plugin/backend/evaluates_map.cpp
+++ b/docs/template_plugin/backend/evaluates_map.cpp
@@ -77,6 +77,7 @@
 #include <ngraph/runtime/reference/sequences.hpp>
 #include <ngraph/runtime/reference/sigmoid.hpp>
 #include <ngraph/runtime/reference/sign.hpp>
+#include <ngraph/runtime/reference/softsign.hpp>
 #include <ngraph/runtime/reference/squared_difference.hpp>
 #include <ngraph/runtime/reference/tanh.hpp>
 #include <ngraph/runtime/reference/tensor_iterator.hpp>
@@ -3729,6 +3730,36 @@ bool evaluate(const shared_ptr<op::v0::Interpolate>& op,
     return true;
 }
 
+template <element::Type_t ET>
+bool evaluate(const shared_ptr<op::v9::SoftSign>& op, const HostTensorVector& outputs, const HostTensorVector& inputs) {
+    element::Type input_et = op->get_input_element_type(0);
+    switch (input_et) {
+    case element::Type_t::f64:
+        runtime::reference::softsign<double>(inputs[0]->get_data_ptr<double>(),
+                                             outputs[0]->get_data_ptr<double>(),
+                                             shape_size(inputs[0]->get_shape()));
+        break;
+    case element::Type_t::f32:
+        runtime::reference::softsign<float>(inputs[0]->get_data_ptr<float>(),
+                                            outputs[0]->get_data_ptr<float>(),
+                                            shape_size(inputs[0]->get_shape()));
+        break;
+    case element::Type_t::f16:
+        runtime::reference::softsign<float16>(inputs[0]->get_data_ptr<float16>(),
+                                              outputs[0]->get_data_ptr<float16>(),
+                                              shape_size(inputs[0]->get_shape()));
+        break;
+    case element::Type_t::bf16:
+        runtime::reference::softsign<bfloat16>(inputs[0]->get_data_ptr<bfloat16>(),
+                                               outputs[0]->get_data_ptr<bfloat16>(),
+                                               shape_size(inputs[0]->get_shape()));
+        break;
+    default:
+        return false;
+    }
+    return true;
+}
+
 template <typename T>
 bool evaluate_node(std::shared_ptr<Node> node, const HostTensorVector& outputs, const HostTensorVector& inputs) {
     auto element_type = node->get_output_element_type(0);
diff --git a/docs/template_plugin/backend/opset_int_tbl.hpp b/docs/template_plugin/backend/opset_int_tbl.hpp
index 101855a08f2..592a1a2ce21 100644
--- a/docs/template_plugin/backend/opset_int_tbl.hpp
+++ b/docs/template_plugin/backend/opset_int_tbl.hpp
@@ -133,3 +133,4 @@ NGRAPH_OP(PRelu, op::v0)
 
 NGRAPH_OP(RDFT, op::v9)
 NGRAPH_OP(ROIAlign, op::v9)
+NGRAPH_OP(SoftSign, op::v9)
diff --git a/docs/template_plugin/tests/functional/op_reference/softsign.cpp b/docs/template_plugin/tests/functional/op_reference/softsign.cpp
new file mode 100644
index 00000000000..e240d4a0b18
--- /dev/null
+++ b/docs/template_plugin/tests/functional/op_reference/softsign.cpp
@@ -0,0 +1,90 @@
+// Copyright (C) 2018-2022 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#include <gtest/gtest.h>
+
+#include "openvino/op/softsign.hpp"
+#include "base_reference_test.hpp"
+
+using namespace reference_tests;
+using namespace ov;
+
+namespace {
+struct SoftSignParams {
+    template <class IT>
+    SoftSignParams(const ov::PartialShape& shape, const ov::element::Type& iType, const std::vector<IT>& iValues, const std::vector<IT>& oValues)
+        : pshape(shape),
+          inType(iType),
+          outType(iType),
+          inputData(CreateTensor(iType, iValues)),
+          refData(CreateTensor(iType, oValues)) {}
+
+    ov::PartialShape pshape;
+    ov::element::Type inType;
+    ov::element::Type outType;
+    ov::Tensor inputData;
+    ov::Tensor refData;
+};
+
+class ReferenceSoftSignLayerTest : public testing::TestWithParam<SoftSignParams>, public CommonReferenceTest {
+public:
+    void SetUp() override {
+        auto params = GetParam();
+        function = CreateFunction(params.pshape, params.inType, params.outType);
+        inputData = {params.inputData};
+        refOutData = {params.refData};
+    }
+    static std::string getTestCaseName(const testing::TestParamInfo<SoftSignParams>& obj) {
+        auto param = obj.param;
+        std::ostringstream result;
+        result << "shape=" << param.pshape << "_";
+        result << "iType=" << param.inType << "_";
+        result << "oType=" << param.outType;
+        return result.str();
+    }
+
+private:
+    static std::shared_ptr<Model> CreateFunction(const PartialShape& input_shape, const element::Type& input_type,
+                                                    const element::Type& SoftSign_output_type) {
+        const auto in = std::make_shared<op::v0::Parameter>(input_type, input_shape);
+        const auto SoftSign = std::make_shared<op::v9::SoftSign>(in);
+        return std::make_shared<ov::Model>(NodeVector {SoftSign}, ParameterVector {in});
+    }
+};
+
+TEST_P(ReferenceSoftSignLayerTest, CompareWithRefs) {
+    Exec();
+}
+
+template <element::Type_t IN_ET>
+std::vector<SoftSignParams> generateSoftSignFloatParams() {
+    using T = typename element_type_traits<IN_ET>::value_type;
+
+    std::vector<SoftSignParams> ParamsVector {
+        SoftSignParams(ov::PartialShape {4},
+                    IN_ET,
+                    std::vector<T>{-1.0, 0.0, 1.0, 15.0},
+                    std::vector<T>{-0.5, 0.0, 0.5, 0.9375})
+    };
+    return ParamsVector;
+}
+
+std::vector<SoftSignParams> generateSoftSignCombinedParams() {
+    const std::vector<std::vector<SoftSignParams>> SoftSignTypeParams {
+        generateSoftSignFloatParams<element::Type_t::f32>(),
+        generateSoftSignFloatParams<element::Type_t::f16>(),
+        generateSoftSignFloatParams<element::Type_t::bf16>()
+        };
+    std::vector<SoftSignParams> combinedParams;
+
+    for (const auto& params : SoftSignTypeParams) {
+        combinedParams.insert(combinedParams.end(), params.begin(), params.end());
+    }
+    return combinedParams;
+}
+
+INSTANTIATE_TEST_SUITE_P(smoke_SoftSign_With_Hardcoded_Refs, ReferenceSoftSignLayerTest,
+    testing::ValuesIn(generateSoftSignCombinedParams()), ReferenceSoftSignLayerTest::getTestCaseName);
+
+} // namespace
diff --git a/src/common/transformations/include/transformations/op_conversions/softsign_decomposition.hpp b/src/common/transformations/include/transformations/op_conversions/softsign_decomposition.hpp
new file mode 100644
index 00000000000..04920b35817
--- /dev/null
+++ b/src/common/transformations/include/transformations/op_conversions/softsign_decomposition.hpp
@@ -0,0 +1,44 @@
+// Copyright (C) 2018-2022 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#pragma once
+
+#include <memory>
+#include <ngraph/pass/graph_rewrite.hpp>
+#include <transformations_visibility.hpp>
+
+namespace ngraph {
+namespace pass {
+
+class TRANSFORMATIONS_API SoftSignDecomposition;
+
+}  // namespace pass
+}  // namespace ngraph
+
+/**
+ * @ingroup ie_transformation_common_api
+ * @brief SoftSignDecomposition transformation replaces SoftSign with the following graph
+ *
+ *       Input ---> Abs
+ *         |         |
+ *         |         |
+ *         |         |
+ *         |         V
+ *         |        Add <--- 1
+ *         |         |
+ *         |         |
+ *         V         |
+ *       Divide <----|
+ *         |
+ *         |
+ *         |
+ *         V
+ *       Output
+ */
+
+class ngraph::pass::SoftSignDecomposition : public ngraph::pass::MatcherPass {
+public:
+    OPENVINO_RTTI("SoftSignDecomposition", "0");
+    SoftSignDecomposition();
+};
diff --git a/src/common/transformations/src/transformations/common_optimizations/common_optimizations.cpp b/src/common/transformations/src/transformations/common_optimizations/common_optimizations.cpp
index 8cd7d1a6a4c..5085b22cae9 100644
--- a/src/common/transformations/src/transformations/common_optimizations/common_optimizations.cpp
+++ b/src/common/transformations/src/transformations/common_optimizations/common_optimizations.cpp
@@ -14,6 +14,7 @@
 #include <transformations/control_flow/unroll_if.hpp>
 #include <transformations/op_conversions/normalize_l2_decomposition.hpp>
 #include <transformations/op_conversions/softmax_decomposition.hpp>
+#include <transformations/op_conversions/softsign_decomposition.hpp>
 
 #include "itt.hpp"
 #include "transformations/common_optimizations/add_fake_quantize_fusion.hpp"
@@ -162,6 +163,7 @@ bool ngraph::pass::CommonOptimizations::run_on_model(const std::shared_ptr<ngrap
     decomp->add_matcher<ngraph::pass::SimplifyCTCGreedyDecoderSeqLen>();
     decomp->add_matcher<ngraph::pass::EinsumDecomposition>();
     decomp->add_matcher<ngraph::pass::SoftmaxDecomposition, false>();
+    decomp->add_matcher<ngraph::pass::SoftSignDecomposition>();
     decomp->add_matcher<ngraph::pass::GatherNegativeConstIndicesNormalize>();
     decomp->add_matcher<ngraph::pass::DropoutWithRandomUniformReplacer>();
     decomp->add_matcher<ngraph::pass::TransposeReshapeEliminationForMatmul>();
diff --git a/src/common/transformations/src/transformations/op_conversions/softsign_decomposition.cpp b/src/common/transformations/src/transformations/op_conversions/softsign_decomposition.cpp
new file mode 100644
index 00000000000..7757263fd62
--- /dev/null
+++ b/src/common/transformations/src/transformations/op_conversions/softsign_decomposition.cpp
@@ -0,0 +1,38 @@
+// Copyright (C) 2018-2022 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#include <memory>
+#include <ngraph/opsets/opset9.hpp>
+#include <ngraph/pattern/op/wrap_type.hpp>
+#include <ngraph/rt_info.hpp>
+#include <transformations/op_conversions/softsign_decomposition.hpp>
+
+#include "itt.hpp"
+
+ngraph::pass::SoftSignDecomposition::SoftSignDecomposition() {
+    MATCHER_SCOPE(SoftSignDecomposition);
+    auto softsign = pattern::wrap_type<ngraph::opset9::SoftSign>();
+    ngraph::matcher_pass_callback callback = [=](ngraph::pattern::Matcher& m) {
+        auto m_softsign = m.get_match_root();
+
+        if (transformation_callback(m_softsign)) {
+            return false;
+        }
+
+        const auto input = m_softsign->input_value(0);
+        const auto& data_type = m_softsign->get_input_element_type(0);
+        auto abs = std::make_shared<ngraph::opset9::Abs>(input);
+        auto constant = ngraph::opset9::Constant::create(data_type, ngraph::Shape{1}, {1});
+        auto add = std::make_shared<ngraph::opset9::Add>(abs, constant);
+        auto div = std::make_shared<ngraph::opset9::Divide>(input, add);
+
+        replace_node(m_softsign, div);
+        copy_runtime_info(m_softsign, {abs, add, div});
+        div->set_friendly_name(m_softsign->get_friendly_name());
+
+        return true;
+    };
+    auto m = std::make_shared<ngraph::pattern::Matcher>(softsign, matcher_name);
+    register_matcher(m, callback);
+}
diff --git a/src/core/include/ngraph/op/softsign.hpp b/src/core/include/ngraph/op/softsign.hpp
new file mode 100644
index 00000000000..64b2e1dfcca
--- /dev/null
+++ b/src/core/include/ngraph/op/softsign.hpp
@@ -0,0 +1,15 @@
+// Copyright (C) 2018-2022 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#pragma once
+
+#include "openvino/op/softsign.hpp"
+
+namespace ngraph {
+namespace op {
+namespace v9 {
+using ov::op::v9::SoftSign;
+}  // namespace v9
+}  // namespace op
+}  // namespace ngraph
diff --git a/src/core/include/ngraph/ops.hpp b/src/core/include/ngraph/ops.hpp
index ba42a562caf..1f357a63107 100644
--- a/src/core/include/ngraph/ops.hpp
+++ b/src/core/include/ngraph/ops.hpp
@@ -157,6 +157,7 @@
 #include "ngraph/op/slice.hpp"
 #include "ngraph/op/softmax.hpp"
 #include "ngraph/op/softplus.hpp"
+#include "ngraph/op/softsign.hpp"
 #include "ngraph/op/space_to_batch.hpp"
 #include "ngraph/op/space_to_depth.hpp"
 #include "ngraph/op/split.hpp"
diff --git a/src/core/include/openvino/op/ops.hpp b/src/core/include/openvino/op/ops.hpp
index 05e50576a83..7a648418367 100644
--- a/src/core/include/openvino/op/ops.hpp
+++ b/src/core/include/openvino/op/ops.hpp
@@ -158,6 +158,7 @@
 #include "openvino/op/slice.hpp"
 #include "openvino/op/softmax.hpp"
 #include "openvino/op/softplus.hpp"
+#include "openvino/op/softsign.hpp"
 #include "openvino/op/space_to_batch.hpp"
 #include "openvino/op/space_to_depth.hpp"
 #include "openvino/op/split.hpp"
diff --git a/src/core/include/openvino/op/softsign.hpp b/src/core/include/openvino/op/softsign.hpp
new file mode 100644
index 00000000000..a356df5b6b7
--- /dev/null
+++ b/src/core/include/openvino/op/softsign.hpp
@@ -0,0 +1,38 @@
+// Copyright (C) 2018-2022 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#pragma once
+
+#include "openvino/op/util/unary_elementwise_arithmetic.hpp"
+
+namespace ov {
+namespace op {
+namespace v9 {
+class OPENVINO_API SoftSign : public util::UnaryElementwiseArithmetic {
+public:
+    OPENVINO_OP("SoftSign", "opset9");
+    BWDCMP_RTTI_DECLARATION;
+
+    SoftSign() = default;
+    /// \brief Constructs a SoftSign operation.
+    ///
+    /// \param arg Node that produces the input tensor.<br>
+    /// `[d0, ...]`
+    /// Output `[d0, ...]`
+    ///
+    SoftSign(const Output<Node>& arg);
+
+    bool visit_attributes(AttributeVisitor& visitor) override;
+
+    void validate_and_infer_types() override;
+
+    std::shared_ptr<Node> clone_with_new_inputs(const OutputVector& new_args) const override;
+    bool evaluate(ov::TensorVector& outputs,
+                  const ov::TensorVector& inputs,
+                  const ov::EvaluationContext& evaluation_context) const override;
+    bool has_evaluate() const override;
+};
+}  // namespace v9
+}  // namespace op
+}  // namespace ov
diff --git a/src/core/include/openvino/opsets/opset9_tbl.hpp b/src/core/include/openvino/opsets/opset9_tbl.hpp
index 5b62459a82e..d04d7fd32ef 100644
--- a/src/core/include/openvino/opsets/opset9_tbl.hpp
+++ b/src/core/include/openvino/opsets/opset9_tbl.hpp
@@ -193,3 +193,4 @@ _OPENVINO_OP_REG(IRDFT, ov::op::v9)
 _OPENVINO_OP_REG(RDFT, ov::op::v9)
 _OPENVINO_OP_REG(Eye, ov::op::v9)
 _OPENVINO_OP_REG(ROIAlign, ov::op::v9)
+_OPENVINO_OP_REG(SoftSign, ov::op::v9)
diff --git a/src/core/reference/include/ngraph/runtime/reference/softsign.hpp b/src/core/reference/include/ngraph/runtime/reference/softsign.hpp
new file mode 100644
index 00000000000..0c6f72e6d2e
--- /dev/null
+++ b/src/core/reference/include/ngraph/runtime/reference/softsign.hpp
@@ -0,0 +1,21 @@
+// Copyright (C) 2018-2022 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#pragma once
+
+#include <cmath>
+#include <cstddef>
+
+namespace ngraph {
+namespace runtime {
+namespace reference {
+template <typename T>
+void softsign(const T* arg, T* out, size_t count) {
+    for (size_t i = 0; i < count; i++) {
+        out[i] = arg[i] / (1 + std::abs(arg[i]));
+    }
+}
+}  // namespace reference
+}  // namespace runtime
+}  // namespace ngraph
diff --git a/src/core/src/op/softsign.cpp b/src/core/src/op/softsign.cpp
new file mode 100644
index 00000000000..c74cdebfd7e
--- /dev/null
+++ b/src/core/src/op/softsign.cpp
@@ -0,0 +1,97 @@
+// Copyright (C) 2018-2022 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+#include "ngraph/runtime/reference/softsign.hpp"
+
+#include <openvino/core/validation_util.hpp>
+
+#include "itt.hpp"
+#include "openvino/core/attribute_visitor.hpp"
+#include "openvino/op/softsign.hpp"
+#include "openvino/runtime/tensor.hpp"
+
+namespace {
+template <ov::element::Type_t ET>
+inline bool evaluate(const ov::Tensor& arg, const ov::Tensor& out, const size_t count) {
+    using T = typename ov::element_type_traits<ET>::value_type;
+    ngraph::runtime::reference::softsign<T>(arg.data<T>(), out.data<T>(), count);
+    return true;
+}
+
+bool evaluate_softsign(const ov::Tensor& arg, const ov::Tensor& out) {
+    bool rc = true;
+    size_t count = arg.get_size();
+
+    switch (arg.get_element_type()) {
+        NGRAPH_TYPE_CASE(evaluate_softsign, bf16, arg, out, count);
+        NGRAPH_TYPE_CASE(evaluate_softsign, f16, arg, out, count);
+        NGRAPH_TYPE_CASE(evaluate_softsign, f32, arg, out, count);
+        NGRAPH_TYPE_CASE(evaluate_softsign, f64, arg, out, count);
+    default:
+        rc = false;
+        break;
+    }
+    return rc;
+}
+}  // namespace
+
+BWDCMP_RTTI_DEFINITION(ov::op::v9::SoftSign);
+
+ov::op::v9::SoftSign::SoftSign(const Output<Node>& arg) : UnaryElementwiseArithmetic(arg) {
+    constructor_validate_and_infer_types();
+}
+
+void ov::op::v9::SoftSign::validate_and_infer_types() {
+    NGRAPH_OP_SCOPE(v9_SoftSign_validate_and_infer_types);
+    const element::Type& input_et = get_input_element_type(0);
+
+    NODE_VALIDATION_CHECK(this,
+                          input_et.is_dynamic() || input_et.is_real(),
+                          "Input element type must be float, instead got: ",
+                          input_et);
+
+    UnaryElementwiseArithmetic::validate_and_infer_types();
+}
+
+bool ov::op::v9::SoftSign::visit_attributes(AttributeVisitor& visitor) {
+    NGRAPH_OP_SCOPE(v9_SoftSign_visit_attributes);
+    return true;
+}
+
+std::shared_ptr<ov::Node> ov::op::v9::SoftSign::clone_with_new_inputs(const OutputVector& new_args) const {
+    NGRAPH_OP_SCOPE(v9_SoftSign_clone_with_new_inputs);
+    check_new_args_count(this, new_args);
+    return std::make_shared<ov::op::v9::SoftSign>(new_args.at(0));
+}
+
+bool ov::op::v9::SoftSign::has_evaluate() const {
+    NGRAPH_OP_SCOPE(v9_SoftSign_has_evaluate);
+    switch (get_input_element_type(0)) {
+    case ov::element::bf16:
+    case ov::element::f16:
+    case ov::element::f32:
+    case ov::element::f64:
+        return true;
+    default:
+        break;
+    }
+    return false;
+}
+
+bool ov::op::v9::SoftSign::evaluate(ov::TensorVector& outputs,
+                                    const ov::TensorVector& inputs,
+                                    const ov::EvaluationContext& evaluation_context) const {
+    NGRAPH_OP_SCOPE(v9_SoftSign_evaluate);
+
+    OPENVINO_ASSERT(outputs.size() == 1 && inputs.size() == 1,
+                    "SoftSign evaluate needs exactly 1 input and 1 output, instead got:",
+                    inputs.size(),
+                    " input(s) and ",
+                    outputs.size(),
+                    " output(s).");
+
+    const auto& in = inputs[0];
+    auto& out = outputs[0];
+    out.set_shape(in.get_shape());
+    return evaluate_softsign(in, out);
+}
diff --git a/src/core/tests/CMakeLists.txt b/src/core/tests/CMakeLists.txt
index 3143a91d41a..3faf3151e98 100644
--- a/src/core/tests/CMakeLists.txt
+++ b/src/core/tests/CMakeLists.txt
@@ -230,6 +230,7 @@ set(SRC
     type_prop/slice.cpp
     type_prop/softmax.cpp
     type_prop/softplus.cpp
+    type_prop/softsign.cpp
     type_prop/space_to_batch.cpp
     type_prop/space_to_depth.cpp
     type_prop/split.cpp
@@ -395,6 +396,7 @@ set(SRC
     visitors/op/slice.cpp
     visitors/op/softmax.cpp
     visitors/op/softplus.cpp
+    visitors/op/softsign.cpp
     visitors/op/space_to_batch.cpp
     visitors/op/space_to_depth.cpp
     visitors/op/split.cpp
diff --git a/src/core/tests/eval.cpp b/src/core/tests/eval.cpp
index 6720a09361d..cfa903d536a 100644
--- a/src/core/tests/eval.cpp
+++ b/src/core/tests/eval.cpp
@@ -50,6 +50,7 @@
 #include "ngraph/op/sin.hpp"
 #include "ngraph/op/sinh.hpp"
 #include "ngraph/op/softmax.hpp"
+#include "ngraph/op/softsign.hpp"
 #include "ngraph/op/sqrt.hpp"
 #include "ngraph/op/squeeze.hpp"
 #include "ngraph/op/tan.hpp"
@@ -1795,3 +1796,21 @@ TEST(eval, evaluate_softmax_8) {
     vector<float> out{0.5, 0.5};
     ASSERT_EQ(val, out);
 }
+
+TEST(eval, evaluate_softsign_9) {
+    auto arg = std::make_shared<ngraph::op::Parameter>(element::f32, PartialShape::dynamic());
+    auto softsign = std::make_shared<ngraph::op::v9::SoftSign>(arg);
+    auto fun = std::make_shared<Function>(OutputVector{softsign}, ParameterVector{arg});
+    ov::TensorVector result_tensor(1);
+    float input_vector[] = {1, -1, 2.5, -3.5};
+    ov::Tensor input{ov::element::f32, ov::Shape{4}, input_vector};
+
+    ASSERT_TRUE(fun->evaluate(result_tensor, ov::TensorVector{input}));
+    EXPECT_EQ(result_tensor[0].get_element_type(), ov::element::f32);
+    EXPECT_EQ(result_tensor[0].get_shape(), ov::Shape{4});
+
+    vector<float> out{0.5, -0.5, 0.714285, -0.777777};
+    auto result_data = result_tensor[0].data<float>();
+    for (size_t i = 0; i < result_tensor[0].get_size(); ++i)
+        EXPECT_NEAR(result_data[i], out[i], 1e-6F);
+}
diff --git a/src/core/tests/type_prop/softsign.cpp b/src/core/tests/type_prop/softsign.cpp
new file mode 100644
index 00000000000..6a01f79d1a6
--- /dev/null
+++ b/src/core/tests/type_prop/softsign.cpp
@@ -0,0 +1,49 @@
+// Copyright (C) 2018-2022 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#include "gtest/gtest.h"
+#include "openvino/opsets/opset9.hpp"
+#include "util/type_prop.hpp"
+
+using namespace std;
+using namespace ov;
+
+TEST(type_prop, softsign_incorrect_type) {
+    const auto input_type = element::i32;
+    const auto input_shape = Shape{1, 3, 6};
+    auto data = make_shared<op::v0::Parameter>(input_type, input_shape);
+    try {
+        auto softsign_func = make_shared<op::v9::SoftSign>(data);
+        // Should have thrown, so fail if it didn't
+        FAIL() << "Incorrect begin type exception not thrown.";
+    } catch (const NodeValidationFailure& error) {
+        EXPECT_HAS_SUBSTRING(error.what(), std::string("Input element type must be float, instead got"));
+    } catch (...) {
+        FAIL() << "Deduced type check failed for unexpected reason.";
+    }
+}
+
+TEST(type_prop, softsign_f32) {
+    const auto input_type = element::f32;
+    const auto input_shape = Shape{1, 3, 6};
+    auto data = make_shared<op::v0::Parameter>(input_type, input_shape);
+    auto softsign_func = make_shared<op::v9::SoftSign>(data);
+    EXPECT_EQ(softsign_func->get_element_type(), input_type);
+    EXPECT_EQ(softsign_func->get_shape(), input_shape);
+}
+
+TEST(type_prop, softsign_f32_partial) {
+    const auto input_type = element::f32;
+    const auto input_shape = PartialShape{1, Dimension::dynamic(), 6};
+    auto data = make_shared<op::v0::Parameter>(input_type, input_shape);
+    auto softsign_func = make_shared<op::v9::SoftSign>(data);
+    EXPECT_EQ(softsign_func->get_element_type(), input_type);
+    ASSERT_TRUE(softsign_func->get_output_partial_shape(0).same_scheme(input_shape));
+    ASSERT_TRUE(softsign_func->get_output_partial_shape(0).rank().is_static());
+
+    // rank unknown
+    auto softsign_partial =
+        make_shared<op::v9::SoftSign>(make_shared<op::v0::Parameter>(input_type, PartialShape::dynamic()));
+    ASSERT_TRUE(softsign_partial->get_output_partial_shape(0).same_scheme(PartialShape::dynamic()));
+}
diff --git a/src/core/tests/visitors/op/softsign.cpp b/src/core/tests/visitors/op/softsign.cpp
new file mode 100644
index 00000000000..9fff221b10c
--- /dev/null
+++ b/src/core/tests/visitors/op/softsign.cpp
@@ -0,0 +1,9 @@
+// Copyright (C) 2018-2022 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#include "unary_ops.hpp"
+
+using Types = ::testing::Types<UnaryOperatorType<ngraph::op::v9::SoftSign, ngraph::element::f32>>;
+
+INSTANTIATE_TYPED_TEST_SUITE_P(visitor_without_atrribute, UnaryOperatorVisitor, Types, UnaryOperatorTypeName);
diff --git a/src/plugins/intel_gna/gna_plugin.cpp b/src/plugins/intel_gna/gna_plugin.cpp
index 79193f6ff54..b128d6cc9de 100644
--- a/src/plugins/intel_gna/gna_plugin.cpp
+++ b/src/plugins/intel_gna/gna_plugin.cpp
@@ -57,6 +57,7 @@
 #include <transformations/common_optimizations/transpose_sinking.hpp>
 #include "transformations/common_optimizations/convert_compression_only_to_legacy.hpp"
 #include "transformations/disable_decompression_convert_constant_folding.hpp"
+#include "transformations/op_conversions/softsign_decomposition.hpp"
 #include <transformations/utils/utils.hpp>
 
 #include "transformations/pwl_approximation.hpp"
@@ -733,6 +734,7 @@ void GNAPlugin::LoadNetwork(CNNNetwork & _network) {
         pass_config->disable<ngraph::pass::TransposeReduction>();
         // Operations Max and Min aren't supported
         pass_config->disable<ngraph::pass::ConcatReduceFusion>();
+        // pass_config->disable<ngraph::pass::SoftSignDecomposition>();
         manager.run_passes(graph);
         convertedNetwork = InferenceEngine::details::convertFunctionToICNNNetwork(graph, clonedNetwork);
         isNgraphPassesUsed = true;
diff --git a/src/tests/functional/inference_engine/transformations/op_conversions/softsign_decomposition_test.cpp b/src/tests/functional/inference_engine/transformations/op_conversions/softsign_decomposition_test.cpp
new file mode 100644
index 00000000000..e63af4d0f6a
--- /dev/null
+++ b/src/tests/functional/inference_engine/transformations/op_conversions/softsign_decomposition_test.cpp
@@ -0,0 +1,61 @@
+// Copyright (C) 2018-2022 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#include <gtest/gtest.h>
+
+#include <string>
+#include <memory>
+
+#include <ngraph/function.hpp>
+#include <ngraph/opsets/opset9.hpp>
+#include <transformations/op_conversions/softsign_decomposition.hpp>
+#include <transformations/init_node_info.hpp>
+
+#include "common_test_utils/ngraph_test_utils.hpp"
+
+using namespace testing;
+
+TEST_F(TransformationTestsF, SoftSignDecomposition) {
+    {
+        auto data = std::make_shared<ngraph::opset9::Parameter>(ngraph::element::f32, ngraph::Shape{3, 1, 2});
+        auto softsign = std::make_shared<ngraph::opset9::SoftSign>(data);
+
+        function = std::make_shared<ngraph::Function>(ngraph::NodeVector{softsign}, ngraph::ParameterVector{data});
+
+        manager.register_pass<ngraph::pass::SoftSignDecomposition>();
+    }
+
+    {
+        auto input = std::make_shared<ngraph::opset9::Parameter>(ngraph::element::f32, ngraph::Shape{3, 1, 2});
+        auto abs = std::make_shared<ngraph::opset9::Abs>(input);
+        auto add = std::make_shared<ngraph::opset9::Add>(abs, ngraph::opset9::Constant::create(ngraph::element::f32,
+                                                                                               ngraph::Shape{1},
+                                                                                               {1}));
+        auto div = std::make_shared<ngraph::opset9::Divide>(input, add);
+
+        function_ref = std::make_shared<ngraph::Function>(ngraph::NodeVector{div}, ngraph::ParameterVector{input});
+    }
+}
+
+TEST_F(TransformationTestsF, SoftSignDecompositionFP16) {
+    {
+        auto data = std::make_shared<ngraph::opset9::Parameter>(ngraph::element::f16, ngraph::Shape{3, 1, 2});
+        auto softsign = std::make_shared<ngraph::opset9::SoftSign>(data);
+
+        function = std::make_shared<ngraph::Function>(ngraph::NodeVector{softsign}, ngraph::ParameterVector{data});
+
+        manager.register_pass<ngraph::pass::SoftSignDecomposition>();
+    }
+
+    {
+        auto input = std::make_shared<ngraph::opset9::Parameter>(ngraph::element::f16, ngraph::Shape{3, 1, 2});
+        auto abs = std::make_shared<ngraph::opset9::Abs>(input);
+        auto add = std::make_shared<ngraph::opset9::Add>(abs, ngraph::opset9::Constant::create(ngraph::element::f16,
+                                                                                               ngraph::Shape{1},
+                                                                                               {1}));
+        auto div = std::make_shared<ngraph::opset9::Divide>(input, add);
+
+        function_ref = std::make_shared<ngraph::Function>(ngraph::NodeVector{div}, ngraph::ParameterVector{input});
+    }
+}
diff --git a/src/tests/functional/plugin/cpu/single_layer_tests/activation.cpp b/src/tests/functional/plugin/cpu/single_layer_tests/activation.cpp
index 8a972a25528..8b44d10dbfa 100644
--- a/src/tests/functional/plugin/cpu/single_layer_tests/activation.cpp
+++ b/src/tests/functional/plugin/cpu/single_layer_tests/activation.cpp
@@ -147,7 +147,8 @@ const std::map<ActivationTypes, std::vector<std::vector<float>>> activationTypes
         {Mish,        {{}}},
         {PReLu,       {{-0.01f}}},
         {GeluErf,     {{}}},
-        {GeluTanh,    {{}}}
+        {GeluTanh,    {{}}},
+        {SoftSign,    {{}}}
 };
 
 std::vector<Precision> netPrc = {
diff --git a/src/tests/functional/plugin/gna/shared_tests_instances/single_layer_tests/activation.cpp b/src/tests/functional/plugin/gna/shared_tests_instances/single_layer_tests/activation.cpp
index 01d990205c3..e40f3533985 100644
--- a/src/tests/functional/plugin/gna/shared_tests_instances/single_layer_tests/activation.cpp
+++ b/src/tests/functional/plugin/gna/shared_tests_instances/single_layer_tests/activation.cpp
@@ -89,14 +89,14 @@ const std::vector<InferenceEngine::Precision> preluNetPrecisions = {
 };
 
 const std::map<ActivationTypes, std::vector<std::vector<float>>> activationTypes = {
-        {Sigmoid, {}},
-        {Tanh,    {}},
-        {Relu,    {}},
-        {Exp,     {}},
-        {Log,     {}},
-        {Sign,    {}},
-        {Abs,     {}},
-        {Clamp,   {{-5, 5}}}
+        {Sigmoid,  {}},
+        {Tanh,     {}},
+        {Relu,     {}},
+        {Exp,      {}},
+        {Log,      {}},
+        {Sign,     {}},
+        {Abs,      {}},
+        {Clamp,    {{-5, 5}}}
 };
 
 const std::map<ActivationTypes, std::vector<std::vector<float>>> preluActivationTypes = {
diff --git a/src/tests/functional/plugin/shared/src/single_layer_tests/op_impl_check/single_op_graph.cpp b/src/tests/functional/plugin/shared/src/single_layer_tests/op_impl_check/single_op_graph.cpp
index d1975a8f7fd..6219b51282c 100644
--- a/src/tests/functional/plugin/shared/src/single_layer_tests/op_impl_check/single_op_graph.cpp
+++ b/src/tests/functional/plugin/shared/src/single_layer_tests/op_impl_check/single_op_graph.cpp
@@ -1005,6 +1005,13 @@ std::shared_ptr<ov::Model> generate(const std::shared_ptr<ov::op::v4::SoftPlus>
     return std::make_shared<ov::Model>(results, params, "SoftPlusGraph");
 }
 
+std::shared_ptr<ov::Model> generate(const std::shared_ptr<ov::op::v9::SoftSign> &node) {
+    const auto params = ngraph::builder::makeDynamicParams(ov::element::f16, {{4, 4}});
+    auto Node = std::make_shared<ov::op::v9::SoftSign>(params.at(0));
+    ov::ResultVector results{std::make_shared<ov::op::v0::Result>(Node)};
+    return std::make_shared<ov::Model>(results, params, "SoftSignGraph");
+}
+
 std::shared_ptr<ov::Model> generate(const std::shared_ptr<ov::op::v1::Softmax> &node) {
     const auto params = ngraph::builder::makeDynamicParams(ov::element::f16, {{2, 2, 3}});
     auto Node = std::make_shared<ov::op::v1::Softmax>(params.at(0), 0);
diff --git a/src/tests/functional/shared_test_classes/include/shared_test_classes/single_layer/activation.hpp b/src/tests/functional/shared_test_classes/include/shared_test_classes/single_layer/activation.hpp
index bd1aa0b1518..6146ec896b2 100644
--- a/src/tests/functional/shared_test_classes/include/shared_test_classes/single_layer/activation.hpp
+++ b/src/tests/functional/shared_test_classes/include/shared_test_classes/single_layer/activation.hpp
@@ -75,6 +75,7 @@ static std::map<ngraph::helpers::ActivationTypes, std::string> activationNames =
         {ngraph::helpers::ActivationTypes::RoundHalfAwayFromZero, "RoundHalfAwayFromZero"},
         {ngraph::helpers::ActivationTypes::GeluErf,               "GeluErf"},
         {ngraph::helpers::ActivationTypes::GeluTanh,              "GeluTanh"},
+        {ngraph::helpers::ActivationTypes::SoftSign,              "SoftSign"},
 };
 
 typedef std::tuple<
diff --git a/src/tests/ngraph_helpers/ngraph_functions/include/ngraph_functions/utils/ngraph_helpers.hpp b/src/tests/ngraph_helpers/ngraph_functions/include/ngraph_functions/utils/ngraph_helpers.hpp
index f4908721f64..cdf1812ebaf 100644
--- a/src/tests/ngraph_helpers/ngraph_functions/include/ngraph_functions/utils/ngraph_helpers.hpp
+++ b/src/tests/ngraph_helpers/ngraph_functions/include/ngraph_functions/utils/ngraph_helpers.hpp
@@ -123,7 +123,8 @@ enum ActivationTypes {
     RoundHalfToEven,
     RoundHalfAwayFromZero,
     GeluErf,
-    GeluTanh
+    GeluTanh,
+    SoftSign
 };
 
 enum EltwiseTypes {
diff --git a/src/tests/ngraph_helpers/ngraph_functions/src/activation.cpp b/src/tests/ngraph_helpers/ngraph_functions/src/activation.cpp
index fcdaa90de26..c54b9bad296 100644
--- a/src/tests/ngraph_helpers/ngraph_functions/src/activation.cpp
+++ b/src/tests/ngraph_helpers/ngraph_functions/src/activation.cpp
@@ -117,6 +117,8 @@ std::shared_ptr<ngraph::Node> makeActivation(const ngraph::Output<Node> &in,
             return std::make_shared<ngraph::op::v7::Gelu>(in, ngraph::op::GeluApproximationMode::ERF);
         case ngraph::helpers::ActivationTypes::GeluTanh:
             return std::make_shared<ngraph::op::v7::Gelu>(in, ngraph::op::GeluApproximationMode::TANH);
+        case ngraph::helpers::ActivationTypes::SoftSign:
+            return std::make_shared<ngraph::op::v9::SoftSign>(in);
         default:
             throw std::runtime_error("Can't create layer for this activation type");
     }