diff --git a/lib/axon/compiler.ex b/lib/axon/compiler.ex
index 50b0d565..beb8d6b4 100644
--- a/lib/axon/compiler.ex
+++ b/lib/axon/compiler.ex
@@ -916,23 +916,11 @@ defmodule Axon.Compiler do
     else
       # Parameters are just accessed in the layer sub-map of the nested
       # parameter map, so we just need to extract them and then apply
-      # freezing and dtype policy
+      # freezing and dtype policy. Parameters may be SharedParameter
+      # structs for tied weights, which are resolved to their source.
       parameter_inputs =
         Enum.map(layer_params, fn %{name: v, frozen: frz} ->
-          param = params[name][v]
-
-          cond do
-            param != nil ->
-              safe_policy_cast(maybe_freeze(param, frz), policy, :compute)
-
-            true ->
-              raise ArgumentError,
-                    "parameter #{inspect(v)} for layer: #{inspect(name)} in" <>
-                      " was not present in the given parameter map, this can" <>
-                      " happen if you are using parameters intended for another" <>
-                      " model or did not initialize portions of your model with" <>
-                      " Axon.init/3"
-          end
+          resolve_parameter!(params, name, v, frz, policy)
         end)
 
       # Reorder the inputs according to the original input ordering
@@ -1188,5 +1176,42 @@ defmodule Axon.Compiler do
   defp propagating_none?(%Axon.None{__propagate__: true}), do: true
   defp propagating_none?(_), do: false
 
+  defp resolve_parameter!(params, layer_name, param_name, freeze?, policy) do
+    # Special case where this is a SharedParameter at the layer level, so we
+    # need to resolve that before forwarding. Otherwise this falls through and
+    # is handled at the next step
+    layer_params =
+      with %Axon.ModelState.SharedParameter{path: path} <- params[layer_name] do
+        get_in(params, path)
+      end
+
+    parameter =
+      case layer_params[param_name] do
+        nil ->
+          raise ArgumentError,
+                "parameter #{inspect(param_name)} for layer: #{inspect(layer_name)}" <>
+                  " was not present in the given parameter map, this can" <>
+                  " happen if you are using parameters intended for another" <>
+                  " model or did not initialize portions of your model with" <>
+                  " Axon.init/3"
+
+        %Axon.ModelState.SharedParameter{path: path, transform: transform} ->
+          tensor =
+            with nil <- get_in(params, path) do
+              raise ArgumentError,
+                    "shared parameter for #{inspect(param_name)} in layer:" <>
+                      " #{inspect(layer_name)}, references non-existent parameter" <>
+                      " #{inspect(path)}"
+            end
+
+          if transform, do: transform.(tensor), else: tensor
+
+        parameter ->
+          parameter
+      end
+
+    safe_policy_cast(maybe_freeze(parameter, freeze?), policy, :compute)
+  end
+
   defp us_to_ms(time), do: Float.round(time / 1000, 1)
 end
diff --git a/lib/axon/model_state.ex b/lib/axon/model_state.ex
index b9088a1b..8304d3fb 100644
--- a/lib/axon/model_state.ex
+++ b/lib/axon/model_state.ex
@@ -191,6 +191,54 @@ defmodule Axon.ModelState do
     }
   end
 
+  @doc """
+  Ties a parameter to another parameter, enabling weight sharing.
+
+  The destination parameter will reference the source parameter's tensor,
+  optionally applying a transformation. Both `destination` and `source`
+  are access paths (lists of strings) into the model state data.
+
+  ## Options
+
+    * `:transform` - a function to transform the source tensor before
+      use at the destination. For example, `&Nx.transpose/1` for tying
+      an embedding layer to an output projection.
+
+  ## Examples
+
+      # Tie output projection to embedding weights (transposed)
+      model_state = Axon.ModelState.tie(
+        model_state,
+        ["output", "kernel"],
+        ["embed", "kernel"],
+        transform: &Nx.transpose/1
+      )
+
+  """
+  def tie(model_state, destination, source, opts \\ []) do
+    update_in(model_state, [Access.key!(:data)], fn data ->
+      shared = Axon.ModelState.SharedParameter.new(source, opts)
+      [key | rest] = Enum.reverse(destination)
+
+      shared =
+        Enum.reduce(rest, %{key => shared}, fn next, acc ->
+          %{next => acc}
+        end)
+
+      deep_merge(data, shared)
+    end)
+  end
+
+  defp deep_merge(left, right) do
+    Map.merge(left, right, fn
+      _key, left_val, right_val when is_map(left_val) and is_map(right_val) ->
+        deep_merge(left_val, right_val)
+
+      _key, _left_val, right_val ->
+        right_val
+    end)
+  end
+
   defp transform_to_parameters(%Nx.Tensor{}), do: nil
 
   defp transform_to_parameters(map) when is_map(map) do
@@ -249,6 +297,9 @@ defmodule Axon.ModelState do
   defp tree_get(data, access) when is_list(access) do
     Enum.reduce(access, %{}, fn key, acc ->
       case data do
+        %{^key => %Axon.ModelState.SharedParameter{}} ->
+          acc
+
         %{^key => val} ->
           Map.put(acc, key, val)
 
@@ -261,9 +312,13 @@ defmodule Axon.ModelState do
   defp tree_get(data, access) when is_map(access) do
     Enum.reduce(access, %{}, fn {key, value}, acc ->
       case data do
+        %{^key => %Axon.ModelState.SharedParameter{}} ->
+          # Skip shared parameters - they reference another parameter
+          acc
+
         %{^key => val} ->
           tree = tree_get(val, value)
-          Map.put(acc, key, tree)
+          if map_size(tree) == 0, do: acc, else: Map.put(acc, key, tree)
 
         %{} ->
           acc
diff --git a/lib/axon/model_state/shared_parameter.ex b/lib/axon/model_state/shared_parameter.ex
new file mode 100644
index 00000000..bc22671c
--- /dev/null
+++ b/lib/axon/model_state/shared_parameter.ex
@@ -0,0 +1,19 @@
+defmodule Axon.ModelState.SharedParameter do
+  # Represents a tied or shared parameter for layers whose
+  # weights are connected but don't necessarily perform the
+  # same operation. This implements the Nx.Container behavior
+  # and contains an access path to the parameter that holds the
+  # original weight.
+
+  @moduledoc false
+
+  @derive {Nx.Container, containers: [], keep: [:path, :transform]}
+  defstruct [:path, :transform]
+
+  def new(path, opts \\ []) do
+    %__MODULE__{
+      path: path,
+      transform: Keyword.get(opts, :transform)
+    }
+  end
+end
diff --git a/test/axon/compiler_test.exs b/test/axon/compiler_test.exs
index ad4298e4..c152b114 100644
--- a/test/axon/compiler_test.exs
+++ b/test/axon/compiler_test.exs
@@ -5538,6 +5538,120 @@ defmodule CompilerTest do
     end
   end
 
+  describe "weight tying" do
+    test "tied parameter uses source parameter value" do
+      # Both dense layers have same input/output size so kernels are compatible
+      model =
+        Axon.input("input", shape: {nil, 4})
+        |> Axon.dense(4, name: "dense_0", use_bias: false)
+        |> Axon.dense(4, name: "dense_1", use_bias: false)
+
+      {init_fn, predict_fn} = Axon.build(model)
+      input = Nx.tensor([[1.0, 2.0, 3.0, 4.0]])
+
+      model_state = init_fn.(input, ModelState.empty())
+
+      # Set dense_0 kernel to identity matrix so we can trace the computation
+      identity = Nx.eye(4)
+      model_state = put_in(model_state.data["dense_0"]["kernel"], identity)
+      model_state = put_in(model_state.data["dense_1"]["kernel"], Nx.broadcast(0.0, {4, 4}))
+
+      # Without tying: input -> identity -> zeros = zeros
+      output_untied = predict_fn.(model_state, input)
+      assert_equal(output_untied, Nx.tensor([[0.0, 0.0, 0.0, 0.0]]))
+
+      # With tying: input -> identity -> identity = input
+      tied_state =
+        ModelState.tie(model_state, ["dense_1", "kernel"], ["dense_0", "kernel"])
+
+      output_tied = predict_fn.(tied_state, input)
+      assert_equal(output_tied, input)
+    end
+
+    test "tied parameter with transform applies transformation" do
+      model =
+        Axon.input("input", shape: {nil, 2})
+        |> Axon.dense(4, name: "dense_0", use_bias: false)
+        |> Axon.dense(2, name: "dense_1", use_bias: false)
+
+      {init_fn, predict_fn} = Axon.build(model)
+      input = Nx.tensor([[1.0, 2.0]])
+
+      model_state = init_fn.(input, ModelState.empty())
+
+      # Set a known kernel value
+      kernel = Nx.tensor([[1.0, 0.0, 0.0, 0.0], [0.0, 1.0, 0.0, 0.0]])
+      model_state = put_in(model_state.data["dense_0"]["kernel"], kernel)
+
+      # Tie with transpose: dense_1 uses kernel^T which is {4, 2}
+      tied_state =
+        ModelState.tie(
+          model_state,
+          ["dense_1", "kernel"],
+          ["dense_0", "kernel"],
+          transform: &Nx.transpose/1
+        )
+
+      # input {1,2} @ kernel {2,4} = {1,4}, then @ kernel^T {4,2} = {1,2}
+      # [[1,2]] @ [[1,0,0,0],[0,1,0,0]] = [[1,2,0,0]]
+      # [[1,2,0,0]] @ [[1,0],[0,1],[0,0],[0,0]] = [[1,2]]
+      output = predict_fn.(tied_state, input)
+      assert_equal(output, input)
+    end
+
+    test "modifying source parameter affects tied layers" do
+      model =
+        Axon.input("input", shape: {nil, 2})
+        |> Axon.dense(2, name: "dense_0", use_bias: false)
+        |> Axon.dense(2, name: "dense_1", use_bias: false)
+
+      {init_fn, predict_fn} = Axon.build(model)
+      input = Nx.tensor([[1.0, 0.0]])
+
+      model_state = init_fn.(input, ModelState.empty())
+
+      tied_state =
+        ModelState.tie(model_state, ["dense_1", "kernel"], ["dense_0", "kernel"])
+
+      # Set source kernel to a specific value
+      kernel_v1 = Nx.tensor([[1.0, 0.0], [0.0, 1.0]])
+      tied_state = put_in(tied_state.data["dense_0"]["kernel"], kernel_v1)
+      output_v1 = predict_fn.(tied_state, input)
+
+      # Change source kernel - tied layer should see the change
+      kernel_v2 = Nx.tensor([[2.0, 0.0], [0.0, 2.0]])
+      tied_state = put_in(tied_state.data["dense_0"]["kernel"], kernel_v2)
+      output_v2 = predict_fn.(tied_state, input)
+
+      # Outputs should differ because the shared kernel changed
+      refute Nx.all(Nx.equal(output_v1, output_v2)) |> Nx.to_number() == 1
+
+      # Verify expected values: input @ kernel @ kernel
+      # v1: [1,0] @ I @ I = [1,0]
+      # v2: [1,0] @ 2I @ 2I = [4,0]
+      assert_equal(output_v1, Nx.tensor([[1.0, 0.0]]))
+      assert_equal(output_v2, Nx.tensor([[4.0, 0.0]]))
+    end
+
+    test "raises on non-existent shared parameter source" do
+      model =
+        Axon.input("input", shape: {nil, 2})
+        |> Axon.dense(4, name: "dense_0")
+
+      {init_fn, predict_fn} = Axon.build(model)
+      input = Nx.tensor([[1.0, 2.0]])
+
+      model_state = init_fn.(input, ModelState.empty())
+
+      tied_state =
+        ModelState.tie(model_state, ["dense_0", "kernel"], ["nonexistent", "kernel"])
+
+      assert_raise ArgumentError, ~r/shared parameter.*references non-existent/, fn ->
+        predict_fn.(tied_state, input)
+      end
+    end
+  end
+
   describe "instrumentation" do
     @describetag :capture_log
 
diff --git a/test/axon/model_state_test.exs b/test/axon/model_state_test.exs
new file mode 100644
index 00000000..8033f27e
--- /dev/null
+++ b/test/axon/model_state_test.exs
@@ -0,0 +1,86 @@
+defmodule Axon.ModelStateTest do
+  use ExUnit.Case, async: true
+
+  alias Axon.ModelState
+
+  describe "tie/4" do
+    test "creates shared parameter at destination path" do
+      model =
+        Axon.input("input", shape: {nil, 2})
+        |> Axon.dense(4, name: "dense_0")
+        |> Axon.dense(4, name: "dense_1")
+
+      {init_fn, _} = Axon.build(model)
+      model_state = init_fn.(Nx.template({1, 2}, :f32), ModelState.empty())
+
+      tied = ModelState.tie(model_state, ["dense_1", "kernel"], ["dense_0", "kernel"])
+
+      assert %Axon.ModelState.SharedParameter{path: ["dense_0", "kernel"], transform: nil} =
+               tied.data["dense_1"]["kernel"]
+    end
+
+    test "stores transform function" do
+      model =
+        Axon.input("input", shape: {nil, 2})
+        |> Axon.dense(4, name: "dense_0")
+        |> Axon.dense(4, name: "dense_1")
+
+      {init_fn, _} = Axon.build(model)
+      model_state = init_fn.(Nx.template({1, 2}, :f32), ModelState.empty())
+
+      tied =
+        ModelState.tie(
+          model_state,
+          ["dense_1", "kernel"],
+          ["dense_0", "kernel"],
+          transform: &Nx.transpose/1
+        )
+
+      assert %Axon.ModelState.SharedParameter{transform: transform} =
+               tied.data["dense_1"]["kernel"]
+
+      assert is_function(transform, 1)
+    end
+  end
+
+  describe "trainable_parameters/1 with tied weights" do
+    test "excludes tied parameters" do
+      model =
+        Axon.input("input", shape: {nil, 2})
+        |> Axon.dense(4, name: "dense_0")
+        |> Axon.dense(4, name: "dense_1")
+
+      {init_fn, _} = Axon.build(model)
+      model_state = init_fn.(Nx.template({1, 2}, :f32), ModelState.empty())
+
+      # Before tying, both layers have kernel in trainable params
+      trainable_before = ModelState.trainable_parameters(model_state)
+      assert Map.has_key?(trainable_before["dense_0"], "kernel")
+      assert Map.has_key?(trainable_before["dense_1"], "kernel")
+
+      # After tying, dense_1 kernel should be excluded
+      tied = ModelState.tie(model_state, ["dense_1", "kernel"], ["dense_0", "kernel"])
+      trainable_after = ModelState.trainable_parameters(tied)
+
+      assert Map.has_key?(trainable_after["dense_0"], "kernel")
+      refute Map.has_key?(trainable_after["dense_1"], "kernel")
+      assert Map.has_key?(trainable_after["dense_1"], "bias")
+    end
+
+    test "excludes layer when all parameters are tied" do
+      model =
+        Axon.input("input", shape: {nil, 2})
+        |> Axon.dense(4, name: "dense_0", use_bias: false)
+        |> Axon.dense(4, name: "dense_1", use_bias: false)
+
+      {init_fn, _} = Axon.build(model)
+      model_state = init_fn.(Nx.template({1, 2}, :f32), ModelState.empty())
+
+      tied = ModelState.tie(model_state, ["dense_1", "kernel"], ["dense_0", "kernel"])
+      trainable = ModelState.trainable_parameters(tied)
+
+      assert Map.has_key?(trainable, "dense_0")
+      refute Map.has_key?(trainable, "dense_1")
+    end
+  end
+end