diff --git a/.changeset/twenty-mayflies-fix.md b/.changeset/twenty-mayflies-fix.md
new file mode 100644
index 00000000000..d81a964988f
--- /dev/null
+++ b/.changeset/twenty-mayflies-fix.md
@@ -0,0 +1,5 @@
+---
+'@shopify/polaris-migrator': minor
+---
+
+Add Sass color function migration
diff --git a/polaris-migrator/README.md b/polaris-migrator/README.md
index 8138514ad30..9d115066cea 100644
--- a/polaris-migrator/README.md
+++ b/polaris-migrator/README.md
@@ -76,6 +76,21 @@ For projects that use the [`@use` rule](https://sass-lang.com/documentation/at-r
 npx @shopify/polaris-migrator <sass-migration> <path> --namespace="legacy-polaris-v8"
 ```
 
+### `replace-sass-color`
+
+Replace the legacy Sass `color()` function with the supported CSS custom property token equivalent (ex: `var(--p-surface)`). This will only replace a limited subset of mapped values. See the [color-maps.ts](https://github.com/Shopify/polaris/blob/main/polaris-migrator/src/migrations/replace-sass-color/color-maps.ts) for a full list of color mappings based on the CSS property.
+
+```diff
+- color: color('ink');
+- background: color('white');
++ color: var(--p-text);
++ background: var(--p-surface);
+```
+
+```sh
+npx @shopify/polaris-migrator replace-sass-color <path>
+```
+
 ### `replace-sass-spacing`
 
 Replace the legacy Sass `spacing()` function with the supported CSS custom property token equivalent (ex: `var(--p-space-4)`).
@@ -354,3 +369,4 @@ git reset $(grep -r -l "polaris-migrator:")
 - Common utilities:
   - [`jsx.ts`](https://github.com/Shopify/polaris/blob/main/polaris-migrator/src/utilities/jsx.ts)
   - [`imports.ts`](https://github.com/Shopify/polaris/blob/main/polaris-migrator/src/utilities/imports.ts)
+    0
diff --git a/polaris-migrator/src/migrations/replace-sass-color/replace-sass-color.ts b/polaris-migrator/src/migrations/replace-sass-color/replace-sass-color.ts
new file mode 100644
index 00000000000..f13c715ed19
--- /dev/null
+++ b/polaris-migrator/src/migrations/replace-sass-color/replace-sass-color.ts
@@ -0,0 +1,244 @@
+import type {FileInfo, API, Options} from 'jscodeshift';
+import postcss, {Plugin} from 'postcss';
+import valueParser from 'postcss-value-parser';
+import {colors as tokenColors, createVar} from '@shopify/polaris-tokens';
+
+import {
+  NamespaceOptions,
+  namespace,
+  getFunctionArgs,
+  stripQuotes,
+  StopWalkingFunctionNodes,
+} from '../../utilities/sass';
+import {isKeyOf} from '../../utilities/type-guards';
+
+export default function replaceSassColors(
+  file: FileInfo,
+  _: API,
+  options: Options,
+) {
+  return postcss(plugin(options)).process(file.source, {
+    syntax: require('postcss-scss'),
+  }).css;
+}
+
+const processed = Symbol('processed');
+
+interface PluginOptions extends Options, NamespaceOptions {}
+
+const plugin = (options: PluginOptions = {}): Plugin => {
+  const namespacedColor = namespace('color', options);
+
+  return {
+    postcssPlugin: 'replace-sass-color',
+    Declaration(decl) {
+      // @ts-expect-error - Skip if processed so we don't process it again
+      if (decl[processed]) return;
+
+      if (!isKeyOf(propertyMaps, decl.prop)) return;
+      const replacementMap = propertyMaps[decl.prop];
+      const parsed = valueParser(decl.value);
+
+      parsed.walk((node) => {
+        if (node.type !== 'function') return;
+
+        if (node.value === 'rgba') {
+          return StopWalkingFunctionNodes;
+        }
+
+        // 1. Remove color() fallbacks
+        if (node.value === 'var') {
+          const args = getFunctionArgs(node);
+          const polarisCustomPropertyIndex = args.findIndex((arg) =>
+            polarisCustomPropertyRegEx.test(arg),
+          );
+          const colorFnFallbackIndex = args.findIndex((arg) =>
+            arg.startsWith(namespacedColor),
+          );
+
+          if (polarisCustomPropertyIndex < colorFnFallbackIndex) {
+            node.nodes = [node.nodes[0]];
+          }
+
+          return StopWalkingFunctionNodes;
+        }
+
+        // 2. Replace `color()` with variable
+        if (node.value === namespacedColor) {
+          const colorFnArgs = getFunctionArgs(node).map(stripQuotes);
+          const hue = colorFnArgs[0] ?? '';
+          const value = colorFnArgs[1] ?? 'base';
+          const forBackground = colorFnArgs[2];
+
+          // Skip color() with for-background argument
+          if (forBackground) return;
+
+          // Skip if we don't have a color for the hue and value
+          if (
+            !(
+              isKeyOf(replacementMap, hue) &&
+              isKeyOf(replacementMap[hue], value)
+            )
+          )
+            return;
+
+          const colorCustomProperty: string = replacementMap[hue][value];
+
+          node.value = 'var';
+          node.nodes = [
+            {
+              type: 'word',
+              value: colorCustomProperty,
+              sourceIndex: node.nodes[0]?.sourceIndex ?? 0,
+              sourceEndIndex: colorCustomProperty.length,
+            },
+          ];
+        }
+      });
+
+      decl.value = parsed.toString();
+
+      // @ts-expect-error - Mark the declaration as processed
+      decl[processed] = true;
+    },
+  };
+};
+
+/*
+ * See the legacy Sass API file for the original color palette
+ * documentation/guides/legacy-polaris-v8-public-api.scss
+ */
+
+const colorMap = {
+  blue: {
+    dark: '--p-interactive-hovered',
+    base: '--p-interactive',
+  },
+  green: {
+    dark: '--p-text-success',
+    base: '--p-text-success',
+  },
+  yellow: {
+    dark: '--p-text-warning',
+    base: '--p-text-warning',
+  },
+  red: {
+    dark: '--p-text-critical',
+    base: '--p-text-critical',
+  },
+  ink: {
+    base: '--p-text',
+    light: '--p-text-subdued',
+    lighter: '--p-text-subdued',
+    lightest: '--p-text-subdued',
+  },
+  sky: {
+    dark: '--p-text-subdued-on-dark',
+    base: '--p-text-on-dark',
+    light: '--p-text-on-dark',
+    lighter: '--p-text-on-dark',
+  },
+  black: {
+    base: '--p-text',
+  },
+  white: {
+    base: '--p-text-on-dark',
+  },
+};
+
+const backgroundColorMap = {
+  green: {
+    light: '--p-surface-success',
+    lighter: '--p-surface-success-subdued',
+  },
+  yellow: {
+    light: '--p-surface-warning',
+    lighter: '--p-surface-warning-subdued',
+  },
+  red: {
+    light: '--p-surface-critical',
+    lighter: '--p-surface-critical-subdued',
+  },
+  ink: {
+    dark: '--p-surface-dark',
+    base: '--p-surface-neutral-subdued-dark',
+  },
+  sky: {
+    base: '--p-surface-neutral',
+    light: '--p-surface-neutral-subdued',
+    lighter: '--p-surface-subdued',
+  },
+  black: {
+    base: '--p-surface-dark',
+  },
+  white: {
+    base: '--p-surface',
+  },
+};
+
+const borderColorMap = {
+  green: {
+    dark: '--p-border-success',
+    base: '--p-border-success',
+    light: '--p-border-success-subdued',
+    lighter: '--p-border-success-subdued',
+  },
+  yellow: {
+    dark: '--p-border-warning',
+    base: '--p-border-warning',
+    light: '--p-border-warning-disabled',
+    lighter: '--p-border-warning-subdued',
+  },
+  red: {
+    dark: '--p-border-critical',
+    base: '--p-border-critical',
+    light: '--p-border-critical-subdued',
+    lighter: '--p-border-critical-subdued',
+  },
+  ink: {
+    lightest: '--p-border',
+  },
+  sky: {
+    light: '--p-border-subdued',
+  },
+};
+
+const fillColorMap = {
+  green: {
+    dark: '--p-icon-success',
+    base: '--p-icon-success',
+  },
+  yellow: {
+    dark: '--p-icon-warning',
+    base: '--p-icon-warning',
+  },
+  red: {
+    dark: '--p-icon-critical',
+    base: '--p-icon-critical',
+  },
+  ink: {
+    base: '--p-icon',
+    light: '--p-icon',
+    lighter: '--p-icon-subdued',
+    lightest: '--p-icon-disabled',
+  },
+  black: {
+    base: '--p-icon',
+  },
+  white: {
+    base: '--p-icon-on-dark',
+  },
+};
+
+const propertyMaps = {
+  color: colorMap,
+  background: backgroundColorMap,
+  'background-color': backgroundColorMap,
+  border: borderColorMap,
+  'border-color': borderColorMap,
+  fill: fillColorMap,
+};
+
+const polarisCustomPropertyRegEx = new RegExp(
+  Object.keys(tokenColors).map(createVar).join('|'),
+);
diff --git a/polaris-migrator/src/migrations/replace-sass-color/tests/replace-sass-color.input.scss b/polaris-migrator/src/migrations/replace-sass-color/tests/replace-sass-color.input.scss
new file mode 100644
index 00000000000..f658252cbdb
--- /dev/null
+++ b/polaris-migrator/src/migrations/replace-sass-color/tests/replace-sass-color.input.scss
@@ -0,0 +1,79 @@
+.my-class {
+  // color
+  color: color('blue');
+  color: color('blue', 'dark');
+  color: color('green');
+  color: color('green', 'dark');
+  color: color('yellow');
+  color: color('yellow', 'dark');
+  color: color('red');
+  color: color('red', 'dark');
+  color: color('ink');
+  color: color('ink', 'light');
+  color: color('ink', 'lighter');
+  color: color('ink', 'lightest');
+  color: color('sky');
+  color: color('sky', 'dark');
+  color: color('sky', 'light');
+  color: color('sky', 'lighter');
+  color: color('black');
+  color: color('white');
+
+  // background
+  background-color: color('green', 'light');
+  background-color: color('green', 'lighter');
+  background-color: color('yellow', 'light');
+  background-color: color('yellow', 'lighter');
+  background-color: color('red', 'light');
+  background-color: color('red', 'lighter');
+  background-color: color('ink');
+  background-color: color('ink', 'dark');
+  background-color: color('sky');
+  background-color: color('sky', 'light');
+  background-color: color('sky', 'lighter');
+  background-color: color('black');
+  background-color: color('white');
+
+  // border
+  border-color: color('green', 'dark');
+  border-color: color('green');
+  border-color: color('green', 'light');
+  border-color: color('green', 'lighter');
+  border-color: color('yellow', 'dark');
+  border-color: color('yellow');
+  border-color: color('yellow', 'light');
+  border-color: color('yellow', 'lighter');
+  border-color: color('red', 'dark');
+  border-color: color('red');
+  border-color: color('red', 'light');
+  border-color: color('red', 'lighter');
+  border-color: color('ink', 'lightest');
+  border-color: color('sky', 'light');
+
+  // fill
+  fill: color('green', 'dark');
+  fill: color('green');
+  fill: color('yellow', 'dark');
+  fill: color('yellow');
+  fill: color('red', 'dark');
+  fill: color('red');
+  fill: color('ink');
+  fill: color('ink', 'light');
+  fill: color('ink', 'lighter');
+  fill: color('ink', 'lightest');
+  fill: color('black');
+  fill: color('white');
+
+  // Remove color() fallbacks
+  color: var(--p-text, color('white'));
+
+  // Handle declarations with multiple values
+  border: var(--p-border-width-1) solid color('ink', 'lightest');
+  background: border-box color('sky', 'light');
+
+  // Skip color() with a for-background argument
+  color: color('ink', 'lighter', #f2ece4);
+
+  // Skip replacing color() within a function
+  background: rgba(color('black'), 0.5);
+}
diff --git a/polaris-migrator/src/migrations/replace-sass-color/tests/replace-sass-color.output.scss b/polaris-migrator/src/migrations/replace-sass-color/tests/replace-sass-color.output.scss
new file mode 100644
index 00000000000..13ddb84cea0
--- /dev/null
+++ b/polaris-migrator/src/migrations/replace-sass-color/tests/replace-sass-color.output.scss
@@ -0,0 +1,79 @@
+.my-class {
+  // color
+  color: var(--p-interactive);
+  color: var(--p-interactive-hovered);
+  color: var(--p-text-success);
+  color: var(--p-text-success);
+  color: var(--p-text-warning);
+  color: var(--p-text-warning);
+  color: var(--p-text-critical);
+  color: var(--p-text-critical);
+  color: var(--p-text);
+  color: var(--p-text-subdued);
+  color: var(--p-text-subdued);
+  color: var(--p-text-subdued);
+  color: var(--p-text-on-dark);
+  color: var(--p-text-subdued-on-dark);
+  color: var(--p-text-on-dark);
+  color: var(--p-text-on-dark);
+  color: var(--p-text);
+  color: var(--p-text-on-dark);
+
+  // background
+  background-color: var(--p-surface-success);
+  background-color: var(--p-surface-success-subdued);
+  background-color: var(--p-surface-warning);
+  background-color: var(--p-surface-warning-subdued);
+  background-color: var(--p-surface-critical);
+  background-color: var(--p-surface-critical-subdued);
+  background-color: var(--p-surface-neutral-subdued-dark);
+  background-color: var(--p-surface-dark);
+  background-color: var(--p-surface-neutral);
+  background-color: var(--p-surface-neutral-subdued);
+  background-color: var(--p-surface-subdued);
+  background-color: var(--p-surface-dark);
+  background-color: var(--p-surface);
+
+  // border
+  border-color: var(--p-border-success);
+  border-color: var(--p-border-success);
+  border-color: var(--p-border-success-subdued);
+  border-color: var(--p-border-success-subdued);
+  border-color: var(--p-border-warning);
+  border-color: var(--p-border-warning);
+  border-color: var(--p-border-warning-disabled);
+  border-color: var(--p-border-warning-subdued);
+  border-color: var(--p-border-critical);
+  border-color: var(--p-border-critical);
+  border-color: var(--p-border-critical-subdued);
+  border-color: var(--p-border-critical-subdued);
+  border-color: var(--p-border);
+  border-color: var(--p-border-subdued);
+
+  // fill
+  fill: var(--p-icon-success);
+  fill: var(--p-icon-success);
+  fill: var(--p-icon-warning);
+  fill: var(--p-icon-warning);
+  fill: var(--p-icon-critical);
+  fill: var(--p-icon-critical);
+  fill: var(--p-icon);
+  fill: var(--p-icon);
+  fill: var(--p-icon-subdued);
+  fill: var(--p-icon-disabled);
+  fill: var(--p-icon);
+  fill: var(--p-icon-on-dark);
+
+  // Remove color() fallbacks
+  color: var(--p-text);
+
+  // Handle declarations with multiple values
+  border: var(--p-border-width-1) solid var(--p-border);
+  background: border-box var(--p-surface-neutral-subdued);
+
+  // Skip color() with a for-background argument
+  color: color('ink', 'lighter', #f2ece4);
+
+  // Skip replacing color() within a function
+  background: rgba(color('black'), 0.5);
+}
diff --git a/polaris-migrator/src/migrations/replace-sass-color/tests/replace-sass-color.test.ts b/polaris-migrator/src/migrations/replace-sass-color/tests/replace-sass-color.test.ts
new file mode 100644
index 00000000000..06782fe95a6
--- /dev/null
+++ b/polaris-migrator/src/migrations/replace-sass-color/tests/replace-sass-color.test.ts
@@ -0,0 +1,17 @@
+import {check} from '../../../utilities/testUtils';
+
+const migration = 'replace-sass-color';
+const fixtures = ['replace-sass-color', 'with-namespace'];
+
+for (const fixture of fixtures) {
+  check(__dirname, {
+    fixture,
+    migration,
+    extension: 'scss',
+    options: {
+      namespace: fixture.includes('with-namespace')
+        ? 'legacy-polaris-v8'
+        : undefined,
+    },
+  });
+}
diff --git a/polaris-migrator/src/migrations/replace-sass-color/tests/with-namespace.input.scss b/polaris-migrator/src/migrations/replace-sass-color/tests/with-namespace.input.scss
new file mode 100644
index 00000000000..bed02c3ceeb
--- /dev/null
+++ b/polaris-migrator/src/migrations/replace-sass-color/tests/with-namespace.input.scss
@@ -0,0 +1,8 @@
+@use 'global-styles/legacy-polaris-v8';
+
+.my-class {
+  color: legacy-polaris-v8.color('ink');
+  color: legacy-polaris-v8.color('ink', 'lighter');
+  color: legacy-polaris-v8.color('ink', 'lighter', #f2ece4);
+  color: var(--p-surface, legacy-polaris-v8.color('white'));
+}
diff --git a/polaris-migrator/src/migrations/replace-sass-color/tests/with-namespace.output.scss b/polaris-migrator/src/migrations/replace-sass-color/tests/with-namespace.output.scss
new file mode 100644
index 00000000000..e1b2d4eb9a8
--- /dev/null
+++ b/polaris-migrator/src/migrations/replace-sass-color/tests/with-namespace.output.scss
@@ -0,0 +1,8 @@
+@use 'global-styles/legacy-polaris-v8';
+
+.my-class {
+  color: var(--p-text);
+  color: var(--p-text-subdued);
+  color: legacy-polaris-v8.color('ink', 'lighter', #f2ece4);
+  color: var(--p-surface);
+}
diff --git a/polaris-migrator/src/utilities/sass.ts b/polaris-migrator/src/utilities/sass.ts
index 675e4d6ffc6..1e40eca0901 100644
--- a/polaris-migrator/src/utilities/sass.ts
+++ b/polaris-migrator/src/utilities/sass.ts
@@ -179,6 +179,16 @@ export function getFunctionArgs(node: FunctionNode): string[] {
   return args;
 }
 
+/**
+ * Removes surrounding quotes from a string
+ * @example
+ * const string = '"hello"';
+ * stripQuotes(string); // hello
+ */
+export function stripQuotes(string: string) {
+  return string.replace(/^['"]|['"]$/g, '');
+}
+
 /**
  * All transformable dimension units. These values are used to determine
  * if a decl.value can be converted to pixels and mapped to a Polaris custom property.